In a significant turn of events, India has officially delayed its trade delegation's visit to Washington, originally scheduled for February 23, 2026, due to the fallout from President Donald Trump's recent announcement of a temporary tariff increase on U.S. imports from 10% to 15%. This decision, made under Section 122 of the 1974 Trade Act, comes in response to the U.S. Supreme Court's ruling that invalidated many of Trump's previous tariffs, creating uncertainty in trade relations. A source from India's trade ministry emphasized that no new date has been set for the delegation's visit, which was intended to finalize an interim trade deal aimed at reducing punitive tariffs on some Indian exports linked to New Delhi’s Russian oil purchases. The Indian opposition Congress party has called for the interim pact to be put on hold, questioning the timing of Prime Minister Narendra Modi’s joint statement prior to the court's ruling.
POLITICS
India Delays Trade Delegation To Washington Amid Tariff Uncertainty
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India delays its trade delegation to the U.S. amid tariff increases and Supreme Court rulings, raising uncertainty in trade relations and impacting negotiations for an interim trade deal.
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