The US imposition of 25% tariffs is expected to have minimal impact on India, with over half of Indian exports remaining unaffected due to existing exemptions. Trade between the two nations reached $131.

U.S. President Donald Trump said a trade deal with India has yet to be finalised and warned of possible higher tariffs ahead of an August 1 deadline to seal an agreement.

India has communicated to the US its disinterest in purchasing the F-35 stealth fighter jets, emphasizing a preference for a partnership in domestic defense manufacturing. Concurrently, President Trump announced a 25% tariff on Indian exports,