India-US Trade Deal Needs Review After US SC Tariff Ruling, Says Kanwal Sibal

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CNBC TV18•21-02-2026, 13:55
India-US Trade Deal Needs Review After US SC Tariff Ruling, Says Kanwal Sibal
- •US Supreme Court ruling on tariffs and President Trump's 10% ad valorem tariff for 150 days create uncertainty for the India-US trade deal.
- •Former Foreign Secretary Kanwal Sibal states the deal is 'reopened' due to the US SC ruling, necessitating careful handling by India.
- •Former Commerce Secretary Anup Wadhawan argues the negotiation baseline has changed, making the previous framework illogical.
- •Experts like Jayant Dasgupta emphasize reciprocity and mutual tariff reductions as core principles for any new agreement.
- •Abhijit Das suggests India reassess earlier concessions, as the 10% tariff on all competitors changes the negotiation landscape.
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