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India delays U.S. trade deal until U.S. finalizes new tariff framework post-Supreme Court ruling.
India is delaying signing a U.S. trade deal until the U.S. finalizes a new global tariff framework after a Supreme Court ruling invalidated previous reciprocal tariffs.
The U.S. now applies a temporary 10% tariff under Section 122 of the Trade Act of 1974, and India insists the final agreement reflect this updated structure.
Ongoing negotiations continue, with no pause reported, as both sides work toward a broader Bilateral Trade Agreement aiming to boost trade from $191 billion to $500 billion by 2030.
The U.S. has also launched new Section 301 investigations into India and 15 other countries, which could lead to additional tariffs by summer.
India retrasa el acuerdo comercial con Estados Unidos hasta que Estados Unidos finalice el nuevo marco arancelario tras el fallo de la Corte Suprema.