New Delhi, May 2 -- Amid the ongoing trade tensions between US and China, countries like India and Japan may be able to negotiate better deals with the US, according to a report by Jefferies.

The report highlighted that while Japan and India may be able to negotiate better trade deals with the US than they might have been otherwise, they are not expected to agree to terms that would threaten their growing trade with China.

Jefferies said, "Japan and India may be able to negotiate better deals with the US than might otherwise have been the case, they are unlikely to agree terms that threaten their trading relationship with China".

The report also noted that China had recently issued a strong warning. It said that it would retaliate agai...