Just now, Reuters reports that India has delayed its trade talks with the U.S.that was scheduled this week, following the U.S. Supreme Court ruling on tariffs.
The delay suggests that India may not have signed any agreements yet, which could allow it to maintain the current 15% tariff benefit; avoiding being locked into potentially higher tariffs that many had speculated would follow a rushed deal.
This delay brings much-needed clarity, giving India more time to ensure a better outcome in future negotiations.
Flat 10 or 15% Tariff, Equal Leverage with Global Trade Partners of the U.S.