A broader trade agreement, including cooperation on key supply chains, foreign investment, and advanced technologies makes a deal more likely and can help the U.S. and India more effectively counter China.

According to government sources, India and the United States are likely to announce a trade deal late tonight. Officials expressed optimism about securing a favourable agreement.

Amidst escalating US-China trade tensions and fresh US tariffs on 14 countries, India is poised to sign an interim trade deal with the US, potentially before August 1.