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India delays U.S. trade talks after Supreme Court rejects Trump tariffs: Reuters
India postponed trade talks with the U.S. due to tariff uncertainties after the Supreme Court struck down Trump-era tariffs, affecting a $500 billion trade framework, officials said.
- On Saturday, the Union Commerce Ministry said it is studying all developments and implications after the US Supreme Court struck down reciprocal tariffs on February 20.
- The judges said 'does not authorise' the president to impose tariffs, and Mr. Trump signed a temporary 10% levy for 150 days soon after the ruling.
- Under the India‑US interim trade framework, US tariffs were to fall to 18% from a combined 50%, and the US suspended 'de minimis' exemptions , affecting small exporters and e‑commerce sellers.
- A three-day meeting to finalise the legal text begins in the United States on February 23, with chief negotiator Darpan Jain leading the Indian delegation.
- Remaining tariffs like Section 232 carry 50% steel and aluminium duties, and recent US trade deals are rendered one-sided, with Congress urging renegotiation.
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Indian Shares Set To Open Higher After US Supreme Court Scraps Trump Tariffs
Indian shares are set to open higher on Monday, after the US Supreme Court struck down levies imposed by President Donald Trump, prompting him to raise a temporary tariff on US imports to 15 per cent from 10 per cent.
·New Delhi, India
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India postpones trade talks with the United States due to the chaos surrounding Trump's tariff policyIndia suspended trade talks with the United States after the Supreme Court overturned previous Trump tariffs, leading to introduction of 15% rate. This decision affected the agreement to reduce tariffs on Indian goods and the purchase of US products.
·Kyiv, Ukraine
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Total News Sources91
Leaning Left9Leaning Right21Center18Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 19%
C 37%
R 44%
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