25-May-2026
Economy News
 
India may go slow on the trade pact with US
09-May-2026

With the Trump Administration’s aggressive tariff policy suffering judicial setbacks for the second time since February, New Delhi may slow down on a bilateral trade agreement (BTA) with the US. A U.S. Court of International Trade in a 2-1 decision Thursday held that Trump’s latest 10% temporary global tariffs over Most Favoured Nation (MFN) rates are unjustified under a 1970s trade law. It, however, blocked the levies only for two private importers and the State of Washington, offering practically no relief to any other importers or countries.

News Source:- https://www.financialexpress.com/policy/economy/india-may-go-slow-on-the-trade-pactnbspwith-usnbsp/4235800/