Former U.S. President Donald Trump has warned that a 25% tariff could be imposed on Indian exports if a trade agreement with the United States is not finalized soon. Despite five rounds of negotiations, no deal has yet been reached, increasing pressure on New Delhi. A senior Indian official confirmed that a U.S. delegation is scheduled to visit India by mid-August for further talks. “We’ve made significant progress,” the official said, but acknowledged that Trump could still order steep tariffs via executive action. Indian Commerce Minister Piyush Goyal stated that talks with the U.S. are “progressing well,” noting that India has proposed reducing tariffs on several products and is working to ease non-tariff barriers. Meanwhile, Trump announced plans to notify nearly 200 countries about a new "global tariff" structure his administration intends to introduce.