Inside India newsletter: Trump's poll setback fuels hope for U.S.-India trade deal by year end

US mid-term results unlikely to speed up India trade deal as tariff uncertainties persist

The outcome of the US mid-term elections is unlikely to accelerate the conclusion of the proposed India-US interim trade agreement (BTA), as President Donald Trump retains executive powers to impose tariffs and New Delhi wants greater clarity on the outcome of Washington’s investigation into excess industrial capacity before finalising its tariff commitments, sources said.

Inside India newsletter: Trump's poll setback fuels hope for U.S.-India trade deal by year end

While American voters are more affected by import duties on Canadian goods, experts said that a trade deal with India could blunt criticism against tariffs.

US midterm results fail to resolve India trade standoff, 18% deal, 10% duty and 100% tariff risk

Highlights:The US midterm election results are unlikely to accelerate the proposed India-US interim trade agreement.India is awaiting findings from Washington's investigation into excess industrial capacity before finalizing tariff commitments.New Delhi wants protection against potential US duties linked to India's purchases of Russian oil and gas.The Trump administration can continue pursuing tariffs under Sections 301 and 232 despite greater c…

US Mid-terms Unlikely to Speed Up India-US Interim Trade Pact, Sources Say - Cargo Insights

India wants clarity on a US excess capacity probe and tariff safeguards before finalising an India-US interim trade pact The outcome of the US mid-term elections is unlikely to accelerate the conclusion of the proposed India-US interim trade agreement, as President Donald Trump retains executive powers to impose tariffs and New Delhi wants greater clarity [...]