India-US Trade Deal Signing Delayed Pending 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, leading to a temporary 10 percent tariff under Article 122. Negotiations on the deal's details continue, with both sides awaiting clarity on the revised US tariff structure. Meanwhile, India has increased imports of Russian oil despite prior commitments.