Advising retail investors to remain cautious about the India-US trade deal euphoria, Avinash Gorakshkar, SEBI-registered fundamental market analyst, said, "The India-US trade deal is about ensuring the interest of the two economies.

With the August 1st deadline looming, India and the United States are struggling to reach a mini trade deal, primarily due to disagreements over market access for American agricultural and dairy products.

US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along.

“If you are buying energy from Russia and not helping Ukraine, your goods will face a 500% tariff coming into the United States,” Senator Graham said in an interview. He described the legislation as a “breakthrough” in exerting global pressure on Moscow and noted that Trump had encouraged lawmakers to move forward with the bill.

Amidst Trump's threat of secondary tariffs on countries trading with Russia, will India's crude oil supply face uncertainty? Russia has become India's top oil supplier due to discounted rates, potential tariffs could disrupt this.

India may secure a strategic edge over regional rivals as the Trump administration considers a trade pact slashing proposed tariffs below 20 per cent. Unlike many nations facing sharp hikes, India is unlikely to receive a formal tariff notice ahead of the August 1 deadline.

President Donald Trump said Friday that his administration is considering a new rebate for Americans due to "so much money coming in" from tariffs the United States has imposed on other countries. Trump has repeatedly announced,

President Trump’s new levies, which have pushed the country’s tariffs to their highest levels in decades, are typically paid by importers when goods reach U.S. ports. So there is little mystery about who makes that first payment.