President Donald Trump says Japan is unlikely to secure a trade deal with the U.S. and threatened an increase in tariffs against the country, making it the latest to face an escalation in tensions as the July 9 deadline for negotiations nears.

India's equity benchmarks are likely to open higher on Wednesday following U.S. President Donald Trump's remark that the world's largest economy could reach a trade deal with India. U.S. Treasury Secretary Scott Bessent has indicated that both nations are nearing an agreement that would help India avoid sharp tariff increases.