India-US trade deal, July 30 -- While the trade deal with the US remains elusive for India, US President Donald Trump has fired a fresh salvo, warning of possible higher tariffs ahead of the August 1 deadline.

Trump said that India may be hit with a tariff rate of 20% to 25%, while cautioning that the final levy still hadn't been finalised, according to a Bloomberg report.

Many large economies like Japan and the European Union have already signed trade agreements with the US. And a rate of 20% or higher would come as a disappointment for India, which had been seeking a better deal than the 19% that Trump offered Indonesia and the Philippines.

India and the US have held five rounds of talks so far, and a trade team from Washington is ex...