U.S. President Donald Trump has hinted at a possible trade deal with India but warned of steep tariffs if no agreement is reached by August 1. Calling PM Modi a "friend," Trump criticized India’s high tariffs on U.S. goods, threatening 20–25% duties if talks stall. The U.S. had earlier imposed a 26% tariff, now suspended during negotiations. With the fifth round of trade talks just concluded, officials say discussions continue as the deadline nears, with another round slated for August 25.
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