President Donald Trump says the United States and India are still negotiating on trade despite new tariffs slated to begin in a few days.

US President Donald Trump's decision to impose 25% tariffs on goods imported from India could hit the country's growth prospects, experts say. It is unclear how big the hit could be, given that Trump has announced an unspecified penalty in addition to the 25% tariff rate.

President Donald Trump said on Wednesday the United States is still negotiating with India on trade after announcing earlier in the day the U.S. would impose a 25% tariff on goods imported from the country starting on Friday.