For many countries, the reprieve from President Donald Trump’s eye-watering global tariffs, which were first announced on April 2 and temporarily reduced to 10% a week later, is soon set to come to an end.

President Donald Trump has announced that negotiations for a trade deal between the US and India are progressing, potentially following a successful pact with Indonesia. The deal aims to provide US companies better access to the Indian market by keeping tariffs below 20%,

Trump’s reference to an Indonesia-style deal comes as New Delhi and Washington remain engaged in intensive trade negotiations