Close to the go to of the Indian crew of negotiators to the US for the India-US Commerce Deal, the 2 sides are of the view that the proposed go to of the Indian Chief Negotiator and the crew be scheduled after both sides has had the time to guage the newest developments and their implications.
The assembly shall be rescheduled at a mutually handy date,” PTI reported quoting a supply.
Additionally Learn: India should reassess US commerce deal as Trump tariffs lose chew after Supreme Court docket ruling
US President Donald Trump on Saturday introduced elevating tariffs on all international locations to fifteen per cent from 10 per cent introduced a day earlier. In a serious setback to Trump’s pivotal financial agenda in his second time period, the US Supreme Court docket dominated that the tariffs imposed by Trump on nations all over the world had been unlawful and that the president had exceeded his authority when he imposed the sweeping levies by utilizing the Worldwide Emergency Financial Powers Act (IEEPA) of 1977.
The US had imposed a 25 per cent reciprocal tariff on India in August 2025. Later, a further 25 per cent responsibility was imposed for getting Russian crude oil, taking the whole tariffs on India to 50 per cent. India and the US, earlier this month, agreed on a framework to finalise an interim commerce deal, underneath which Washington will minimize down the tariffs to 18 per cent. To this point, the punitive 25 per cent has been eliminated. The remaining 25 per cent exists.
Following the Supreme Court docket ruling, Trump has once more introduced mountaineering these tariffs to fifteen per cent. This levy, if notified, shall be over and above the prevailing MFN or import duties within the US.As an illustration, if a product faces a 5 per cent MFN responsibility, a further 15 per cent shall be imposed, taking the efficient responsibility to twenty per cent. Earlier, this was 5 plus 25 per cent. There may be, nonetheless, no readability about what the US tariff shall be on international locations similar to India after the 150-day interval.
To signal and implement the primary part of the bilateral commerce settlement, the framework needs to be transformed right into a authorized doc.To finalise the authorized textual content for the primary part of the bilateral commerce settlement, the Indian crew is scheduled to satisfy its counterparts in Washington from February 23-26, 2026.
Commerce Minister Piyush Goyal had stated the deal could also be signed in March and carried out in April.Throughout 2021-25, the US was India’s largest buying and selling associate in items. The US accounts for about 18 per cent of India’s complete exports, 6.22 per cent of its imports, and 10.73 per cent of its bilateral commerce.
In 2024-25, bilateral commerce totalled USD 186 billion (USD 86.5 billion in exports and USD 45.3 billion in imports).
Additionally Learn: ET Explainer: What’s going to US tariff be now?
For India, this marks the newest shift in a tariff cycle that started in early 2025 and noticed US duties rise to as excessive as 50% earlier than being partially rolled again underneath an interim commerce association.
In the end, the Supreme Court docket’s ruling blocks Trump from utilizing emergency powers underneath IEEPA to impose sweeping tariffs, invalidating a key authorized pillar of his tariff technique. Nevertheless, sector-specific tariffs and different commerce measures stay in pressure.
Trump stated the India-US commerce deal stays unchanged and confirmed that Indian exports will proceed to face tariffs underneath the revised framework.
The administration has indicated it can use different authorized provisions to maintain tariffs.
With inputs from PTI
