Trump 15% International Tariff: Trump’s 15% world tariffs: India, US to reschedule chief negotiators meet on interim commerce deal

NEW DELHI: India and the USA have rescheduled a key assembly between their chief commerce negotiators that was anticipated to happen this week in Washington, authorities sources advised The Occasions of India. Either side have now agreed to defer the go to and can determine on “mutually handy dates” after “evaluating the most recent developments.”The assembly was set to finalise the authorized textual content of the proposed interim bilateral commerce settlement.The Indian delegation, led by chief negotiator Darpan Jain, was set to journey to the US capital for discussions with US commerce consultant Jamieson Greer.The postponement comes at the same time as US President Donald Trump stated on Friday that the India commerce deal was “on observe,” including that India would proceed to pay the 18% tariffs determined below the interim framework.Underneath the proposed association, India has agreed to cut back tariffs on a majority of things in alternate for the US decreasing its reciprocal tariffs to 18%. Nonetheless, sector-specific tariffs of fifty% on iron and metal, copper and aluminium, in addition to vehicles and auto elements, are set to stay in place.Indian authorities are intently monitoring the Trump administration’s response to a latest US Supreme Court docket choice on tariffs, with some officers indicating there could also be room for manoeuvre because the interim commerce settlement has not but been signed.“India has not signed the settlement but, so there could also be some scope for a dialogue. However we’ll wait and see how the US authorities responds to the ruling,” an official stated, including that it was too early to evaluate the complete influence of the courtroom’s choice.The rescheduling of the negotiators’ assembly indicators that either side could also be reassessing elements of the interim pact amid evolving authorized and political developments within the US, at the same time as public statements from Washington recommend that talks stay on observe.