India is negotiating a trade deal with the United States, which is likely to be announced before tariffs come into force next week. US President Donald Trump announced a 26% reciprocal tariffs on Indian imports.

The United States has reportedly revised its tariff on Indian exports to 27%, a 1% increase from the 26% initially announced by US President Donald Trump. This adjustment is part of a broader strategy to implement reciprocal tariffs on imports from 14 countries and two island nations,

The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.

President Donald Trump said Sunday that he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S., digging in on his plans to implement the taxes that have sent financial markets reeling,

India is likely to meet its projected growth target of 6.3%-6.8% for the 2025/26 fiscal year (April-March) if oil prices remain below $70 per barrel, despite global disruptions due to new U.S. tariffs,