Latest Updates on India-US Trade Deal

Participation in Pax Silica opens up the possibility of diversified sourcing, processing partnerships, and coordinated stockpiling

PM Modi should recognise that this moment is a chance to finish what he started. Instead of retreating, he should build on this momentum to implement comprehensive agricultural reform

China, India and Brazil are among those now seeing lower tariff rates after SC ruled that Trump's use of the International Emergency Economic Powers Act to impose duties was illegal

The outlook for the rupee may also be clouded by renewed uncertainty after the US Supreme Court struck down several of President Donald Trump's tariffs

Move comes as Washington trying to figure out legalities

Greer, speaking on CBS's "Face the Nation" program, said he had already spoken with his counterpart from the European Union and would be speaking with officials from other countries

India and the US have decided to reschedule the proposed meeting of their chief negotiators in Washington to finalise the text of the interim trade pact, sources said on Sunday. The Indian team was scheduled to start the three-day meeting on February 23. "With regards to the visit of the Indian team of negotiators to the US for the India-US Trade Deal, the two sides are of the view that the proposed visit of the Indian Chief Negotiator and the team be scheduled after each side has had the time to evaluate the latest developments and their implications. The meeting will be rescheduled at a mutually convenient date," a source said. The development is important following the US Supreme Court verdict against the earlier sweeping tariffs of the Trump administration. Trump on Friday imposed 10 per cent tariffs on all countries, including India, from February 24 for 150 days. On Saturday, he announced to hike the duty to 15 per cent.

The US Supreme Court's decision takes away a big cloud that's been hanging over global trade for a year now, analysts said.

The reduction of the US reciprocal tariff on India from 25 per cent to 10 per cent will significantly improve competitiveness of domestic labour-intensive sectors in the US such as pharma, electronics, engineering, textiles, and gems and jewellery. In a major setback to US President Donald Trump's pivotal economic agenda for his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the president on nations around the world were illegal and that he had exceeded his authority when he imposed the sweeping levies. Later, through a proclamation, the US announced a temporary import surcharge of 10 per cent ad valorem on articles imported into the US for 150 days from February 24. These sectors at present were facing a reciprocal tariff of 25 per cent in the US market. The US is a major export destination for these sectors and reduction of tariff will help boost exports, Federation of Indian Export Organisations (FIEO)

The Congress on Saturday demanded that the government put the interim trade agreement on hold and renegotiate the terms of the deal after the US Supreme Court invalidated the reciprocal tariffs imposed by President Donald Trump. Congress general secretary Jairam Ramesh said the government must also ensure that the interests of Indian farmers are fully protected during the renegotiations and asked the government to categorically state that it will not allow any import liberalisation to the American side. Speaking with reporters here, Ramesh questioned the silence of Prime Minister Narendra Modi on the entire deal and said he should clarify on whether he agrees with Trump's statement that nothing changes in the trade deal with India. "Does Modi agree with Trump that the trade agreement with India still holds," the Congress leader asked, while pointing out there was no response from the government so far. Claiming that the India-US interim agreement will adversely affect the Indian ..

AAP leader Arvind Kejriwal on Saturday accused the Centre of "selling" India and its farmers to the US through the interim trade deal, and claimed that it is for the first time that the country's interests in the agriculture sector have been compromised in such a manner. He expressed fear that India's exports to the US will eventually stop as our goods will become 18 per cent more expensive in that country, which will ultimately pose a big threat to the farmers. Kejriwal and Punjab Chief Minister Bhagwant Mann are in Gujarat to prepare groundwork for their Aam Aadmi Party (AAP) ahead of the Gujarat assembly elections expected to be held in December 2027. Addressing a press conference, Kejriwal said, "For the first time, India has compromised in the agriculture sector in such a manner. In the coming days, we will see the impact of this trade deal. Prime Minister Narendra Modi sold the entire country and the farmers to the United States. The country will never forgive this." The US h

From 50% duties to a temporary 10% levy, US tariff rules on Indian goods have shifted, lowering costs for now while leaving sectoral duties and trade deal negotiations largely unchanged

After the US Supreme Court struck down President Donald Trump's global tariffs, Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of being "compromised", saying his "betrayal" in the India-US interim trade deal stood exposed. The Congress alleged that the trade deal had become an "ordeal" for the country subjected to by the prime minister's "desperation and surrender". "The PM is compromised. His betrayal now stands exposed. He can't renegotiate. He will surrender again," Gandhi said in a post on X. This comes a day after the US Supreme Court struck down President Donald Trump's global tariffs. Congress general secretary in-charge communications Jairam Ramesh claimed that if Prime Minister Modi had not been so "desperate" to protect his "fragile image" and waited just 18 days more, Indian farmers would have been saved from the agony and distress, and Indian sovereignty would have been protected. "Yesterday after the US Supreme Court struck down his tariffs policy,

India now faces a lower tariff rate of 10 per cent, down from 18 per cent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping tariffs. In a proclamation titled 'Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems', Trump said he is imposing, for a period of 150 days, a "temporary import surcharge of 10 per cent ad valorem" on articles imported into the United States, effective February 24. Given this new tariff rate of 10 per cent, which will be applicable on countries around the world, Indian goods being imported into the US would no longer be subject to the 18 per cent tariff rate that had been decided on following the announcement of a framework for an Interim Agreement on trade between India and the US. In a major setback to Trump's pivotal economic agenda in his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice

RBI's monthly report says India's near-term outlook remains strong, supported by benign inflation, fiscal consolidation and renewed FPI interest after trade deals with the EU and the US

A USTR delegation is expected to visit New Delhi in late March to sign the interim India-US trade deal, as negotiators meet in Washington to finalise the legal text ahead of April rollout

Stepping up his attack on the government over the interim US trade deal, Congress leader Rahul Gandhi on Friday said the answer to why Prime Minister Narendra Modi agreed to a deal, where India gives so much and appears to get so little, and make an "abject surrender" lies in the "grips" and "chokes" placed on him. The leader of opposition (LoP) in the Lok Sabha also claimed that with this deal, India is going to become a "data colony". Gandhi, who has been attacking the BJP-led government and accusing it of a sell-out through the deal, posted a video on X in which he invoked his recent speech in Parliament in which he had drawn a Jiu-Jitsu analogy. In his post on X, Gandhi said, "Why did I use a Jiu-Jitsu analogy in my Parliament speech on the trade deal? Why were our farmers sacrificed to please the Americans? Why was India's energy security compromised by allowing the US to dictate our oil supplies?" "Why agree to increase US imports by $100 billion a year without a reciprocal .

US Secretary of State Marco Rubio will visit India in the next few months, US Ambassador Sergio Gor said on Friday. The envoy also said that the India-US trade deal is set to be inked soon. Gor also described the Quad coalition as an important grouping for cooperation among its member states. The envoy said India and the US are taking their bilateral ties to the next level. Gor made the remarks on the sidelines of an event at the AI Impact Summit here.

A three-day meeting between Indian and American officials to finalise the legal text for an interim trade agreement will begin in the US on February 23, an official said on Friday. Earlier this month, India and the US released a joint statement to announce that a framework for an interim trade agreement has been finalised. The joint statement lays down the contours of the deal. Now, the contours of the deal have to be translated into a legal agreement, which will be signed between the two sides. It is expected to be signed in March. The Indian and the US team will start their three-day meeting from Monday, the official said. Indian team will be headed by chief negotiator Darpan Jain, who is a joint secretary in the Commerce Ministry. Under the interim trade pact, both sides would extend duty concessions to each other on a number of goods traded between them. The US has announced that it will reduce the reciprocal tariffs on Indian goods from 25 per cent to 18 per cent. It has alr

India joined Pax Silica at the AI Impact Summit in New Delhi, becoming part of a US-led push to build reliable supply chains for AI and key minerals needed for future industries