Piyush Goyal

Person

Last mentioned: 7h ago

Timeline

  1. Original Implementation

    The original target date for the deal to take effect (now delayed).

  2. Negotiations Deferred

    India and US officially reschedule the chief negotiator meeting in Washington.

  3. Tariff Escalation

    Trump imposes 10% universal tariff, later increased to 15% effective Feb 24.

  4. SCOTUS Ruling

    US Supreme Court rules that tariff-setting power belongs to Congress.

  5. Framework Reached

    India and the US announce a framework for an interim trade agreement.

Stories mentioning Piyush Goyal 1

Trade Policy Bearish

India-US Trade Deal Stalls After SCOTUS Ruling Limits Trump’s Tariff Power

India and the United States have indefinitely postponed high-level trade negotiations following a landmark U.S. Supreme Court ruling that shifts tariff-setting authority to Congress. The delay, coupled with a new 15% universal tariff imposed by the Trump administration, threatens the timeline for an interim trade pact originally slated for April implementation.

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