The levies have been a major focus for markets, especially with the expiration of a pause to Trump’s punishing "reciprocal" duties just days away.

Trump administration officials have been carrying out negotiations with a host of nations during the delay, yet the White House has displayed little progress in securing fresh agreements.

On Tuesday, Trump told reporters that he believed India was ready to ink a trade deal with the U.S. that would help American companies and lower the country’s tariffs. India faces an impending 26% levy rate on July 9, when Trump’s reciprocal tariff delay ends.

"Right now, India doesn’t accept anybody in. I think India is going to do that, if they do that, we’re going to have a deal for less, much less tariffs," he said.

However, Trump also hinted that he may not choose to extend the deadline -- and would simply send out letters telling individual nations their tariff rates.