Indian shares are expected to open flat to slightly lower on Monday due to concerns over Trump’s trade battles. Trump threatened a 30 percent tariff on imports from Mexico and the EU starting August 1. The EU has delayed its countermeasures against the U.S. until early August for further negotiations, with Germany’s finance minister calling for firm action if levies go ahead. French President Macron urges the EU to defend European interests. Markets will also focus on earnings and upcoming inflation data. The U.S. is working on an interim trade agreement with India to reduce proposed tariffs below 20 percent. Asian markets were mixed, U.S. stocks retreated from record highs, and European stocks closed lower on Friday due to trade tensions.

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