India-US trade deal, Aug. 2 -- Despite strong strategic ties, a comprehensive India-US trade deal remains elusive. The probability of getting it inked in the near term looks dicey after the imposition of Trump's tariffs on India. In retaliation, the Indian government is also considering levying a digital tax on US companies like Microsoft, Google, Meta, Amazon, etc. However, both countries, especially US President Donald Trump, remain committed to continuing talks for a possible India-US trade deal.

According to experts, Trump's tariff on India is expected to hit Indian exports by $33 billion. The Indian government may compensate by imposing reciprocal taxes on US imports. They said the Indian government may think of reimposing digital t...