President Trump announced potential trade deal with India amidst imposing reciprocal tariffs on several nations, including allies like Japan and South Korea. While India is spared from these tariffs,

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.

India's benchmark shares are likely to open muted on Tuesday due to uncertainty over U.S. trade policies, as President Donald Trump announced steep import tariffs on several trading partners while signalling that a deal with India was close.