India-US Trade Talks Postponed Amid New Trump Tariffs

India and the United States have mutually decided to postpone a crucial three-day meeting of their chief trade negotiators, originally slated to begin on February 23 in Washington. The postponement follows a landmark US Supreme Court ruling that invalidated President Donald Trump's sweeping import tariffs, deeming them an overreach of authority under the International Emergency Economic Powers Act of 1977. In response to the ruling, Donald Trump swiftly imposed new global tariffs of 10%, later increased to 15%, on all countries including India. This sudden shift in US trade policy has complicated the framework for an interim trade deal that India and the United States had agreed upon earlier this month, necessitating both sides to re-evaluate the latest developments and their implications before proceeding with negotiations.