India-US Trade Deal Hinges on New US Tariff Structure After SC Ruling

• India will sign the interim trade deal with the US only after Washington finalizes a new global tariff structure.
• The delay stems from a US Supreme Court ruling that struck down President Donald Trump's executive powers to impose tariffs under IEEPA.
• The US has temporarily imposed 10% tariffs under Section 122 of the Trade Act of 1974, valid for up to five months.
• The deal is largely finalized in principle, with India seeking a comparative advantage in the US market.
• India's situation differs from Malaysia, which had a signed legal agreement rendered void; India only has a framework deal.