India-US trade negotiations to resume in Washington later this month | Economy & Policy News

An Indian delegation might be travelling to Washington later this month to additional discussions on the interim trade pact with the United States (US) in February.

“Highly productive meeting with US Trade Representative Ambassador (Jamieson) Greer to discuss advancing POTUS (President of the US) trade priorities in South and Central Asia. The United States and India have previously agreed to a trade deal, and we look forward to welcoming an Indian delegation to Washington later this month,” US Ambassador to India and Special Envoy to South and Central Asia, Sergio Gor stated on X on Thursday.

The journey dates are presently underneath dialogue. This would be the first in-person assembly of the negotiating crew, after its go to to Washington DC was postponed over two months in the past, amid uncertainty surrounding the tariff scenario following the US Supreme Court judgment. 

On February 20, the US Supreme Court revoked President Donald Trump’s authority to use the International Emergency Economic Powers Act (IEEPA) for imposing country-specific “reciprocal” tariffs. Thereafter, the US administration imposed a blanket 10 per cent surcharge on all nations for 150 days from February 24.

India and the US had introduced a trade deal on February 2 and had deliberate to signal the pact by March. A joint assertion for a similar was launched on February 7 and the 25 per cent further ad-valorem tariffs imposed by the US on sure Indian exports due to the nation’s Russian oil imports had been eliminated. According to the interim deal, the US had agreed to scale back tariffs on India to 18 per cent. 

Since the Supreme Court judgement, the Indian facet has reiterated that it’s going to ‘wait’ to signal the interim trade take care of the US until the administration is ‘ready’ with the brand new world tariff structure. The assembly later this month is predicted to give readability on the way in which ahead for the tariffs. Both sides are additionally anticipated to finalise particulars associated to the non-tariff obstacles and issues associated to the US tariff underneath part 232 — finalised underneath the interim deal. India can be anticipated to search readability on the Section 301 investigations initiated by the US.