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India-US trade deal: Donald Trump says not finalized; hints at 20-25% tariff rate two days ahead of reciprocal tariff deadline

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US President Donald Trump has announced that a trade agreement with India has not been finalized, despite previous indications that a deal was nearing completion. Trump's remarks come just two days before the August 1, 2025, reciprocal tariff deadline. The possibility of an interim trade deal announcement before the deadline now seems unlikely.
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