The update came even as the POTUS readied tariff letters for 12 unnamed countries and Union Minister Piyush Goyal insisted that India 'does not negotiate under deadlines'.

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.

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.