We are studying all these developments for their implications,” the Ministry said. However, after the US court order, the US tariff would come down to 15% on India. However, the trade agreement has not been officially signed yet. “The ruling should prompt India to re-examine its trade deal with the United States. Now, even without a trade deal, India, like other countries, faces a 15% tariff on most goods, rendering the agreement being negotiated useless,” Srivastava said.

Source: Indian Express February 21, 2026 11:59 UTC