<ul data-eligibleForWebStory="false"><li>Trump may impose blanket tariffs of 15% or 20% on countries not receiving tariff letters like India by August 1 if a trade deal is not reached.</li><li>The tariff rates for Indian products after August 1 may be lower than the previously announced 26% if a trade deal is not reached by then.</li><li>India and the US failed to reach an interim trade agreement earlier due to stiff demands from the US, including in agriculture and dairy.</li><li>The tariffs, initially paused until July 9, have been extended to August 1 as only a few deals were reached within the timeframe, with India and the US set to resume trade talks.</li></ul>

Trump says those not sent tariff letters may face blanket tariffs of 15% or 20% on Aug 1

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