Indian and U.S. are holding high-level talks this week, aiming to finalise tariff cuts in sectors such as farm and automobiles as part of an interim deal, two government sources said, with an announcement likely later this month.

As US and Indian teams meet to negotiate a trade agreement, India closely monitors the legal challenges to Trump's tariffs and concessions offered to other nations. India aims to secure the best market access for its companies,

The US has urged trade partners to submit their best offers by July 8, but no proposals have been received yet.