India is currently eyeing an extended deadline for reciprocal tariffs as the US imposed 25 percent tax on imported goods from Japan and South Korea, kicking in from August 1.

President Donald Trump unleashed his second wave of tariff announcements on Monday, targeting Japan and South Korea with 25% import duties starting August 1, while simultaneously offering India a diplomatic lifeline as the July 9 reciprocal tariff deadline looms.

President Trump announced progress towards a US-India trade agreement and outlined impending tariffs on key countries, including Japan and South Korea. His approach highlights both negotiation flexibility and potential repercussions for retaliatory tariffs from other nations.