US Trade Representative Jamieson Greer said “more negotiations” will be needed with India on a trade deal just days before an Aug. 1 deadline for higher tariffs.

The White House altered the plan at the last minute regarding India. Attempts are being made to persuade Trump to rethink his decision. However, at present, negotiators are returning to the negotiation table to resume discussions and, if necessary, completely restructure the agreement.

The previous round of talks took place in Washington, where India's chief negotiator Rajesh Agrawal and Brendan Lynch, the Assistant US Trade Representative for South and Central Asia, engaged in detailed discussions.

The trade deal between India and the US remains unfinalized despite ongoing discussions. Key issues include US demands for greater access to Indian agricultural markets and tariffs on imports. Delays could negatively impact the Indian economy and stock market.

Both sides are said to be pushing hard for an interim arrangement before the August deadline, while also laying the groundwork for a broader BTA expected by September or October.

Indian shares were muted in early trades on Tuesday, with benchmark indexes near six-week lows, as concerns over a delay in signing a trade deal with the United States and sustained foreign outflows hurt demand.

Prateek Agrawal, MD and CEO, Motilal Oswal AMC told NDTV Profit that the India-US trade deal should be a 'win-win' for both sides. He added that the deal may open a large export market for India.

The India-UK trade deal is a balanced and comprehensive agreement expected to create millions of jobs and open vast opportunities for bilateral trade and investment, benefiting both nations

India's equity benchmarks were set for a muted open on Tuesday amid caution over a delay in interim trade deal with the United States, sustained foreign outflows and weak earnings.

With just days to go before the Aug. 1 deadline for possible US tariff action, discussions remain active behind the scenes, sources said.

India is reducing duties for certain British agricultural products under a trade agreement, benefiting goods with negligible production in India. Sensitive items like dairy and cereals are excluded to protect local producers.