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India-US Trade Deal: Signing Contingent on New US Tariff Structure, Says Commerce Secretary
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India-US Trade Deal: Signing Conditional on New US Tariff Structure Post-Court Ruling
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CNBC Awaaz
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16-03-2026, 16:02
India-US Trade Deal: Signing Conditional on New US Tariff Structure Post-Court Ruling
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India-US Trade Deal will be signed only after Washington prepares a new tariff structure, says Commerce Secretary Rajesh Agrawal.
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This condition arose after a US Supreme Court decision nullified President Donald Trump's executive powers to impose import duties.
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The deal was initially expected in March, but the Trump administration is now preparing a new global trade tariff structure.
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Agrawal expects minimal impact on India's trade with Gulf countries from the US-Israel vs. Iran conflict, citing ongoing diplomatic talks.
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Despite West Asia challenges, India aims for $860 billion in total exports, compensating declines by increasing exports to other regions.
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