US Commerce Secretary Howard Lutnick said he was "very optimistic" about a deal between India and US, which he said said would come in the "not too distant future". In

India and the US will expedite trade talks to conclude an agreement that includes “early wins” for both sides, an official said, as the two nations race to clinch a deal before Washington’s tit-for-tat tariffs kick in next month.

The US has reached a new trade agreement with China under which all Chinese imports will face a 55% tariff, while American exports to China will be subject to a reduced 10% tariff. This was the result of two days of talks between diplomats from the two nations in London.