Indian and U.S. are holding high-level talks this week, aiming to finalise tariff cuts in sectors such as farm and automobiles as part of an interim deal, two government sources said, with an announcement likely later this month.

India is also seeking a commitment from US that it will completely eliminate tariff on labour-intensive goods like apparel, leather, footwear, gems and jewellery, Business Standard reported.

As US and Indian teams meet to negotiate a trade agreement, India closely monitors the legal challenges to Trump's tariffs and concessions offered to