India-US Trade Deal Delayed: Awaiting New US Tariff Architecture

• The interim trade agreement between India and the US is delayed as America re-establishes its global tariff architecture.
• A US Supreme Court ruling against President Donald Trump's sweeping tariffs necessitated a new tariff structure.
• The original framework offered India 18% tariffs, lowest among competitors like China, Vietnam, and Thailand.
• The deal will be signed once the new US tariff structure ensures India maintains its comparative advantage.
• The US also launched Section 301 investigations against India and other economies regarding trade practices.