New Delhi, July 30 -- Two days ahead of the impending US tariff deadline of August 1, President Donald Trump has announced the imposition of 25 per cent tariffs on Indian goods, even as there were hopes of an interim India-US trade that would have otherwise helped avoid elevated tariffs.

Ever since President Trump entered the White House for the second time, he has on several occasions labelled India as 'tariff king', as he underlined the so-called trade imbalance between the two countries.

Over the past few months, India and the US have been negotiating for an interim trade deal, but there were some reservations from the Indian side on the US demand for opening up the agricultural and dairy sectors for the US. Agriculture and dairy are...