“The US Supreme Court ruling should prompt India to walk out of the ongoing trade deal negotiations with the United States. Government officials have asserted that market access from the Indian side would only be possible after the legal agreement is wrapped up. Also, now for any tariff deal to be inked by a trade partner, this new 15% uniform rate becomes the baseline scenario. Story continues below this adEye on ChinaFrom India’s perspective, it would be important to watch where the Chinese trade deal is headed. The UK, Australia, Saudi Arabia, the UAE, Qatar, most of north and central Africa, Argentina and Colombia are now at a higher tariff rate, alongside Russia.

Source: Indian Express February 23, 2026 17:47 UTC