Just before his July 9 deadline, US President Donald Trump sent letters slapping tariffs on several countries, excluding India, which haven't made trade deals with the US. Trump said the US is close to making a trade deal with India.

ET NOW and ET NOW Swadesh Editor-in-chief Nikunj Dalmia on Tuesday (July 8) said that Donald Trump's trade deals are making the headlines and that they ae "not as bad as feared in April and also not as good as companies project either".

The customs component of the trade deal has been finalised, while discussions on agriculture and dairy are still ongoing and may be excluded from the upcoming announcement