The prospects of an interim trade deal between India and the United States before Washington's August 1 deadline have dimmed, as talks remain deadlocked over tariff cuts on key agricultural and dairy products,

Tariffs on whisky being exported to India are set to be halved as part of a trade deal with the UK. Sir Keir Starmer will welcome his Indian counterpart Narendra Modi on Thursday to sign the deal, which will see tariffs on whisky cut from 150% to 75%, and potentially dropping to 40% in the next decade.

India will be reducing tariffs on nearly 90 per cent of the UK goods. This means that whisky and gin levy will fall from 150 per cent to 75 per cent, then to 40 per cent in a decade