Summary Points, July 8 -- Even as the United States moves ahead with new tariffs on several countries, President Donald Trump on Tuesday signalled that a trade agreement with India is within reach. Speaking at the White House, Trump stated that Washington is "close to making a deal with India," alongside recently finalised trade arrangements with the United Kingdom and China.

The President's comments come as the US prepares to impose higher tariffs on key trade partners such as Bangladesh, Thailand, South Korea, and Japan, effective August 1. "We're sending out letters to various countries telling them how much tariffs they have to pay," Trump said, adding that adjustments could be made where justified, though the US would not act unfair...