Source HT
New Delhi: The signing of the proposed trade agreement between India and the United States has been temporarily put on hold as New Delhi waits for clarity on Washington’s new tariff framework, government officials said on Monday. �
India Today +1
According to Commerce Secretary Rajesh Agrawal, the formal agreement will only be signed after the United States finalises its revised global tariff structure. The development comes amid ongoing changes in US trade policies, which have created uncertainty over tariff rates applied to imports from partner countries, including India. �
The Times of India
Officials noted that negotiations between the two sides are continuing, and India remains committed to reaching a mutually beneficial trade arrangement. However, policymakers believe it is important to understand the full tariff architecture being developed in Washington before proceeding with the final signing. �
The Financial Express
Earlier, both countries had expected to sign the first phase of the bilateral trade agreement in March. The deal was anticipated to reduce tariffs and expand market access for several sectors, including manufacturing, energy, and technology. �
ABP Live
The proposed agreement is part of a broader effort by both nations to strengthen economic ties and increase bilateral trade in the coming years. Analysts say the new tariff structure being prepared by the US could significantly influence the terms of the final pact.
For now, officials from both sides are continuing discussions while monitoring the evolving US tariff policy before moving ahead with the signing of the trade deal.
