India, US press pause on trade talks amid Supreme Court action on Trump’s tariffs

India and the US have postponed crucial trade talks aimed at finalizing an interim trade pact. This decision comes as Washington revises its global tariff strategy following a US Supreme Court ruling. Both nations will reconvene once the implications of these developments are fully assessed, with a new date to be mutually agreed upon.

Austria’s State Secretary Alexander Proll calls the EU-India Free Trade Agreement a major deal. This pact will benefit millions and create a large free trade zone. It aims to boost trade, foster collaboration in artificial intelligence, and build stronger supply chains. The agreement is expected to be implemented within a year, strengthening ties between the […]

US President Donald Trump introduced a new 15% global tariff. This move followed a Supreme Court decision invalidating emergency powers used for previous tariffs. India’s tariffs have fluctuated significantly, reaching 50% before an interim deal reduced them. The current 10% global rate applies universally, pending further bilateral agreements.

India and Brazil have finalized an agreement to enhance cooperation in the extraction and utilization of critical minerals and rare earth elements. During a recent summit, Prime Minister Narendra Modi and President Luiz Inácio Lula da Silva engaged in fruitful discussions aimed at strengthening their nations’ strategic alliance.

Lula highlighted the rapid growth in economic ties between the two countries and the untapped potential. In 2006, bilateral trade was only about $200 million, which rose to $2.4 billion a few years later, and reached $15 billion last year. “I have with me possibly the biggest delegation of ministers, businesspeople of all the different […]

Following an agreement on a framework for an interim trade deal earlier this month, the US announced it will cut the reciprocal tariff on India to 18% and remove the additional 25% punitive tariffs. Currently, India’s goods exports to the US are subject to 25% reciprocal tariff. The February 6 joint statement on the framework […]

India is keeping a vigilant eye on the unfolding situation regarding US tariffs. President Donald Trump has implemented a swift rise in tariffs on imports, now set at 15 percent, a move prompted by a recent Supreme Court ruling.

In a landmark ruling, the US Supreme Court has slashed tariffs on Indian imports, breathing new life into crucial Indian sectors such as pharmaceuticals, electronics, and textiles. This development not only paves the way for a surge in exports and a stronger presence in the US market but also highlights ongoing hurdles, particularly with steel […]

Government sources said an initial reading of the US Supreme Court ruling striking down President Donald Trump’s global reciprocal tariffs effectively nullifies the 25% levy on India, with New Delhi awaiting an official White House response.

The US has imposed a 10% global tariff, impacting India as part of its trade deal, following a Supreme Court ruling that limited President Trump’s authority under the IEEPA.