Major US trading partners scrambled over the weekend to finalize trade deals or lobby for extra time as President Donald Trump said he’s notifying about a dozen countries on Monday of the new tariff level on their shipments to the US.

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.