India could face tariffs as high as 25% if it fails to finalise a trade deal with the US this week, President Donald Trump has said.
"Yeah, I think so," he told reporters on Tuesday when asked whether Delhi would face higher tariffs in the absence of an agreement.
The US has set a 1 August deadline for India and several other countries to either reach a trade agreement or face increased tariffs.
Indian and American officials have been negotiating a trade deal for the past few months, but officials have alternated between sounding optimistic and cautious about when it will be announced.
When asked about what he expected from a potential deal with India, Trump said: "We're going to see. India has been a good friend, but India has charged basically more tariffs than almost any other country".
