Amidst escalating US-China trade tensions and fresh US tariffs on 14 countries, India is poised to sign an interim trade deal with the US, potentially before August 1.

The complete deal is likely to be signed after negotiations between the two countries later this year. The sources noted that this mini-deal is going to be beneficial to the country. Donald Trump's new tariffs on 14 countries,

President Donald Trump said the US is close to finalising a trade deal with India, even as he announced new tariffs on 14 nations including Japan, South Korea, and Bangladesh. The tariffs will take effect from August 1.