Amid Donald Trump's offensive, govt on Thursday dug its heels on trade, saying it will not compromise on the interests of farmers.Commerce and industry minister Piyush Goyal's statement in Parliament reflected the stalemate between India and the US over the sensitive issue of farm and dairy sectors.

U.S. President Donald Trump has hinted at a possible trade deal with India but warned of steep tariffs if no agreement is reached by August 1. Calling PM Modi a "friend," Trump criticized India’s high tariffs on U.

US President Donald Trump on Monday said a trade agreement with India has not yet unfinished, just two days before the August 1 deadline to impose reciprocal tariffs. Speaking to reporters, Trump said discussions are ongoing and hinted that India could face import duties as high as 25% if talks do not reach agreement.