President Donald Trump’s threat to impose new tariffs on India over its participation in the BRICS forum puts New Delhi in a tough position as it races to finalize a favorable trade deal with the US.

President Donald Trump and his advisers promised a lightning round of global trade negotiations with dozens of countries back in April. White House trade adviser Peter Navarro

Brian Janotivz, former White House Economic Counsel, said a long-term, sustainable solution may be on the agenda for both sides in the Canada-U.S. trade talks.

India's chief negotiator Rajesh Agrawal confirms efforts to finalize a trade agreement with the US by fall, aiming for an interim deal first. India also pursues FTAs with EU, UK, and other countries.

Trump and his top trade advisers say he could extend the time for dealmaking but they insist the administration is applying maximum pressure on other nations.

Focus of Mr. Market is always on the India Inc. earnings performance in the long-term. Tariffs are one of the factors which could impact those, said Vikas Gupta of OmniScience Capital.

The nature of commodities that we export, the nature of goods that we export is also going to change,” said India's chief negotiator.

An additional threats hangs above the India-US trade deal after Donald Trump's seething warning against some BRICS members. Here's where India stands on the issue.

The Trump administration is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline, with plans for the United States to start sending letters Monday warning countries that higher tariffs could kick in Aug.