US President Donald Trump has signaled that elevated tariffs on Indian exports may continue, as both nations failed to finalize a trade deal expected by August 1. Trump criticized India for imposing high tariffs and confirmed that no agreement has been reached yet. India is reportedly bracing for a 20-25% tariff hike if no concessions are made. Talks are set to resume in mid-August, with a US delegation aiming to finalize a trade pact by October.