India-US Trade Deal: "I signed some letters and they'll go out on Monday, probably twelve. Different amounts of money, different amounts of tariffs," said Trump, according to Reuters report. The tariff letter indicating a ‘take it or leave it’ offers will be sent to 12 countries.

As the July 9 deadline for the US tariff pause approaches, investors are anxious. A favourable trade deal could boost the Indian stock market and foreign investment, but unresolved tariff issues may lead to volatility.

U.S. President Donald Trump will begin sending tariff ultimatum letters to 12 countries from Monday, ahead of a July 9 deadline, with reciprocal tariff rates — possibly up to 70 per cent — expected to come into effect from August 1.