India-US Trade Deal Pending Completion of New US Tariff Framework

India's Commerce Secretary Rajesh Agrawal stated that the India-US trade deal will be signed only after the United States finalizes a new global tariff framework. This follows a US Supreme Court ruling that invalidated previous tariffs imposed under the International Emergency Economic Powers Act. The US is currently working to establish a revised tariff architecture, with a temporary 10-15% tariff in place. India and the US continue negotiations, and the deal's timing depends on the completion of the new tariff structure. Meanwhile, India has increased imports of Russian oil despite earlier tariff-related conditions.