India is examining the legal impact of the United States’ fresh investigations into excess industrial capacity among trading partners, Trade secretary Rajesh Agrawal said on Monday. He said the India-US trade deal will be signed once Washington re-establishes global tariff rates after a court ruling struck them down. ADVERTISEMENT"Actual signing of India-US trade deal will be done when the new architecture of tariffs is in place. In early February, India and the US announced a trade deal framework under which the US cut tariffs on Indian exports to 18%. The Trump administration also removed the 25% levy with regards to Russian oil purchases contingent on India stopping procurement from Russia.
