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,

Several countries with low per capita incomes have been hit by the highest tariffs. The tariffs will almost certainly have very significant economic consequences for the US and the rest of the world.