Despite ongoing trade disagreements, particularly in dairy and agriculture, the US and India are reportedly nearing a mini trade deal. While this agreement may offer India immediate benefits, experts caution it provides only temporary relief from potential trade pressures from the US.

On tariff front, Nikunj Dalmia said that everything is not as bad as what appeared in the beginning of April and everything is not as smooth as what everybody expected that companies and countries would be able to make deals with the US.