{"id":22937,"date":"2026-03-16T15:53:01","date_gmt":"2026-03-16T10:23:01","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=22937"},"modified":"2026-03-16T15:53:01","modified_gmt":"2026-03-16T10:23:01","slug":"india-us-trade-deal-likely-after-washington-finalises","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/india-us-trade-deal-likely-after-washington-finalises\/","title":{"rendered":"India\u2013US Trade Deal Likely After Washington Finalises New Tariff Framework, Says Commerce Secretary"},"content":{"rendered":"<p data-section-id=\"iuoc94\" data-start=\"496\" data-end=\"598\">India\u2013US Trade Deal Likely After Washington Finalises New Tariff Framework, Says Commerce Secretary<\/p>\n<p data-start=\"600\" data-end=\"841\">India\u2019s long-awaited bilateral trade agreement with the United States is likely to be signed only after Washington completes work on its new tariff structure, according to India\u2019s Commerce Secretary <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Rajesh Agrawal<\/span><\/span>.<\/p>\n<p data-start=\"843\" data-end=\"1146\">Speaking at a press briefing on March 16, Agrawal clarified that negotiations between the two countries are progressing and there is no stalemate over the proposed trade deal, but the signing will depend on the finalisation of the revised tariff architecture being prepared by the US administration.<\/p>\n<p data-start=\"1148\" data-end=\"1506\">The development comes after a ruling by the <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Supreme Court of the United States<\/span><\/span> earlier this year that struck down former President <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Donald Trump<\/span><\/span>\u2019s executive authority to impose certain tariffs unilaterally. The judgment effectively nullified several tariff measures, forcing Washington to redesign its broader trade duty framework.<\/p>\n<p data-start=\"1508\" data-end=\"1675\">Because tariffs form a crucial part of any bilateral trade agreement, India has decided to wait until the new tariff system is in place before finalising the pact.<\/p>\n<blockquote data-start=\"1677\" data-end=\"1863\">\n<p data-start=\"1679\" data-end=\"1863\">\u201cWe are still working on the finer details of the deal, but any signing will happen only after their new tariff architecture is ready. There is no stand-off on the deal,\u201d Agrawal said.<\/p>\n<\/blockquote>\n<p data-start=\"1865\" data-end=\"2004\">The agreement had initially been expected to be signed in March, but the legal developments in the United States have delayed the timeline.<\/p>\n<p data-start=\"1327\" data-end=\"1520\">Also Check :<\/p>\n<ul>\n<li><a href=\"https:\/\/www.niftytrader.in\/nifty50-contributors\">Nifty 50<\/a><\/li>\n<li><a href=\"https:\/\/www.niftytrader.in\/nifty-bank-contributors\">Bank Nifty<\/a><\/li>\n<li><a href=\"https:\/\/www.niftytrader.in\/stocks-price\/bse\">Sensex<\/a><\/li>\n<\/ul>\n<h2 data-section-id=\"1huzh2n\" data-start=\"2011\" data-end=\"2088\">New US Tariff Architecture Key to Finalising the Bilateral Trade Agreement<\/h2>\n<p data-start=\"2090\" data-end=\"2383\">According to officials, the US government is currently preparing a revised global tariff structure following the court ruling. Until the new framework is implemented, tariffs are temporarily being applied under Section 122 provisions, which allow duties to be imposed for a limited period.<\/p>\n<p data-start=\"2385\" data-end=\"2548\">This temporary arrangement is expected to remain in place for around five months, after which Washington will introduce its new tariff system for global trade.<\/p>\n<p data-start=\"2550\" data-end=\"2746\">For India, clarity on US tariff policies is essential before signing the trade agreement because the deal is expected to cover market access, tariff reductions and trade facilitation measures.<\/p>\n<p data-start=\"2748\" data-end=\"2869\">Trade experts say that a comprehensive India-US trade agreement could have far-reaching implications for sectors such as:<\/p>\n<ul data-start=\"2871\" data-end=\"3007\">\n<li data-section-id=\"u2t3l8\" data-start=\"2871\" data-end=\"2906\">\n<p data-start=\"2873\" data-end=\"2906\">Information technology services<\/p>\n<\/li>\n<li data-section-id=\"1ola6l8\" data-start=\"2907\" data-end=\"2926\">\n<p data-start=\"2909\" data-end=\"2926\">Pharmaceuticals<\/p>\n<\/li>\n<li data-section-id=\"3ju48x\" data-start=\"2927\" data-end=\"2948\">\n<p data-start=\"2929\" data-end=\"2948\">Engineering goods<\/p>\n<\/li>\n<li data-section-id=\"7ldk4o\" data-start=\"2949\" data-end=\"2982\">\n<p data-start=\"2951\" data-end=\"2982\">Agriculture and food products<\/p>\n<\/li>\n<li data-section-id=\"1bvbm8m\" data-start=\"2983\" data-end=\"3007\">\n<p data-start=\"2985\" data-end=\"3007\">Textiles and apparel<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3009\" data-end=\"3190\">A well-structured trade pact could also strengthen supply chain cooperation between the two countries at a time when global trade patterns are shifting due to geopolitical tensions.<\/p>\n<p data-start=\"3009\" data-end=\"3190\">Read More : <a href=\"https:\/\/www.niftytrader.in\/markets\/trade-gap-narrows\/\">Trade Gap Narrows \u2014 Is India\u2019s External Balance Improving?<\/a><\/p>\n<h2 data-section-id=\"opff4p\" data-start=\"3197\" data-end=\"3268\">West Asia Conflict Likely to Disrupt India\u2019s Trade With Gulf Nations<\/h2>\n<p data-start=\"3270\" data-end=\"3460\">While discussing India\u2019s broader trade outlook, Agrawal also highlighted the potential impact of the ongoing US-Israel conflict involving Iran on India\u2019s trade with West Asian economies.<\/p>\n<p data-start=\"3462\" data-end=\"3648\">The conflict has created logistical challenges for global shipping routes and air cargo movements, particularly in the Gulf region, which is one of India\u2019s most important trade partners.<\/p>\n<p data-start=\"3650\" data-end=\"3797\">According to the commerce secretary, the conflict could affect both exports and imports because of disruptions in transportation and supply chains.<\/p>\n<blockquote data-start=\"3799\" data-end=\"4006\">\n<p data-start=\"3801\" data-end=\"4006\">\u201cThere are logistical challenges, especially in the movement of ships. Air cargo is also facing certain issues, so it will impact Indian exports to the region. Imports will also be affected,\u201d Agrawal said.<\/p>\n<\/blockquote>\n<p data-start=\"4008\" data-end=\"4198\">However, he emphasised that the overall impact is unlikely to be severe, as diplomatic engagement between countries in the region continues and efforts are underway to stabilise trade flows.<\/p>\n<p data-start=\"4200\" data-end=\"4343\">West Asia plays a critical role in India\u2019s trade ecosystem, particularly for energy imports, petrochemicals and a range of export products.<\/p>\n<h2 data-section-id=\"1jrsn1w\" data-start=\"4350\" data-end=\"4428\">Government Considering Support Measures for Exporters to Offset Disruptions<\/h2>\n<p data-start=\"4430\" data-end=\"4613\">To mitigate the impact of the conflict on exporters, the Indian government is evaluating support measures aimed at helping businesses maintain trade flows with West Asian markets.<\/p>\n<p data-start=\"4615\" data-end=\"4754\">Agrawal indicated that the government may soon announce steps to assist exporters who are facing logistical challenges due to the conflict.<\/p>\n<p data-start=\"4756\" data-end=\"4802\">Possible measures under consideration include:<\/p>\n<ul data-start=\"4804\" data-end=\"5029\">\n<li data-section-id=\"jbgvpy\" data-start=\"4804\" data-end=\"4848\">\n<p data-start=\"4806\" data-end=\"4848\">Facilitating alternative shipping routes<\/p>\n<\/li>\n<li data-section-id=\"15z8r8e\" data-start=\"4849\" data-end=\"4901\">\n<p data-start=\"4851\" data-end=\"4901\">Expanding export incentives for affected sectors<\/p>\n<\/li>\n<li data-section-id=\"dxxq1p\" data-start=\"4902\" data-end=\"4966\">\n<p data-start=\"4904\" data-end=\"4966\">Strengthening trade promotion in other international markets<\/p>\n<\/li>\n<li data-section-id=\"1v3zxtd\" data-start=\"4967\" data-end=\"5029\">\n<p data-start=\"4969\" data-end=\"5029\">Supporting exporters dealing with supply chain disruptions<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"5031\" data-end=\"5172\">Such measures are aimed at ensuring that India\u2019s export momentum remains intact even as geopolitical tensions affect certain trade corridors.<\/p>\n<h2 data-section-id=\"9w038p\" data-start=\"5179\" data-end=\"5231\">India Still Targets $860 Billion in Total Exports<\/h2>\n<p data-start=\"5233\" data-end=\"5387\">Despite the challenges arising from geopolitical tensions, the government remains optimistic about India\u2019s overall export performance for the fiscal year.<\/p>\n<p data-start=\"5389\" data-end=\"5592\">According to Agrawal, India continues to target around $860 billion in combined goods and services exports, reflecting the government\u2019s confidence in the resilience of the country\u2019s export ecosystem.<\/p>\n<p data-start=\"5594\" data-end=\"5787\">He acknowledged that disruptions in West Asia may have \u201csome impact\u201d on export numbers, but added that India is actively exploring opportunities in other regions to offset potential losses.<\/p>\n<blockquote data-start=\"5789\" data-end=\"5915\">\n<p data-start=\"5791\" data-end=\"5915\">\u201cWe would like to be in positive territory versus last year on merchandise exports by the end of this fiscal,\u201d Agrawal said.<\/p>\n<\/blockquote>\n<p data-start=\"5917\" data-end=\"6114\">Diversifying export destinations has been a key strategy for India in recent years, helping reduce dependence on any single region and making the trade sector more resilient to geopolitical shocks.<\/p>\n<h2 data-section-id=\"1bijht\" data-start=\"6121\" data-end=\"6174\">Here\u2019s What Happened Today and Why Traders Reacted<\/h2>\n<p data-start=\"6176\" data-end=\"6410\">The comments from the commerce secretary attracted attention in financial markets because they provided insight into both India\u2019s trade diplomacy with the United States and the potential impact of geopolitical tensions on exports.<\/p>\n<p data-start=\"6412\" data-end=\"6482\">Traders and investors reacted to the developments for several reasons:<\/p>\n<ul data-start=\"6484\" data-end=\"6731\">\n<li data-section-id=\"19o0vh0\" data-start=\"6484\" data-end=\"6557\">\n<p data-start=\"6486\" data-end=\"6557\">Delay in the India-US trade deal timeline due to tariff restructuring<\/p>\n<\/li>\n<li data-section-id=\"64e44v\" data-start=\"6558\" data-end=\"6615\">\n<p data-start=\"6560\" data-end=\"6615\">Concerns about disruptions to trade with Gulf nations<\/p>\n<\/li>\n<li data-section-id=\"subujm\" data-start=\"6616\" data-end=\"6673\">\n<p data-start=\"6618\" data-end=\"6673\">Potential export support measures from the government<\/p>\n<\/li>\n<li data-section-id=\"10nq3sg\" data-start=\"6674\" data-end=\"6731\">\n<p data-start=\"6676\" data-end=\"6731\">Continued optimism about India\u2019s overall export targets<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"6733\" data-end=\"6927\">These factors are important for market participants because export performance influences corporate earnings in sectors such as IT services, chemicals, engineering goods and pharmaceuticals.<\/p>\n<h2 data-section-id=\"fa9gis\" data-start=\"6934\" data-end=\"6989\">What This Means for Investors and the Market Outlook<\/h2>\n<p data-start=\"6991\" data-end=\"7135\">For investors, the developments highlight how global geopolitics and trade policy decisions can influence market sentiment and sectoral outlook.<\/p>\n<h3 data-section-id=\"y7eua9\" data-start=\"7137\" data-end=\"7165\">Short-Term Market Impact<\/h3>\n<ul data-start=\"7167\" data-end=\"7413\">\n<li data-section-id=\"onns8v\" data-start=\"7167\" data-end=\"7255\">\n<p data-start=\"7169\" data-end=\"7255\">Export-oriented sectors may face temporary uncertainty due to logistical disruptions<\/p>\n<\/li>\n<li data-section-id=\"1s8imca\" data-start=\"7256\" data-end=\"7340\">\n<p data-start=\"7258\" data-end=\"7340\">Companies dependent on Gulf trade routes could experience operational challenges<\/p>\n<\/li>\n<li data-section-id=\"td6fuo\" data-start=\"7341\" data-end=\"7413\">\n<p data-start=\"7343\" data-end=\"7413\">Markets may closely monitor progress on the India-US trade agreement<\/p>\n<\/li>\n<\/ul>\n<h3 data-section-id=\"1h9hyf8\" data-start=\"7415\" data-end=\"7443\">Medium-Term Implications<\/h3>\n<ul data-start=\"7445\" data-end=\"7688\">\n<li data-section-id=\"irhs0w\" data-start=\"7445\" data-end=\"7530\">\n<p data-start=\"7447\" data-end=\"7530\">A successful India-US trade pact could improve market access for Indian exporters<\/p>\n<\/li>\n<li data-section-id=\"385c2q\" data-start=\"7531\" data-end=\"7612\">\n<p data-start=\"7533\" data-end=\"7612\">Diversifying export markets may strengthen India\u2019s long-term trade resilience<\/p>\n<\/li>\n<li data-section-id=\"1pd01cg\" data-start=\"7613\" data-end=\"7688\">\n<p data-start=\"7615\" data-end=\"7688\">Government support measures could help stabilise export-driven industries<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"7690\" data-end=\"7954\">Overall, while geopolitical tensions may create short-term disruptions in global trade flows, India\u2019s ongoing trade negotiations and export diversification efforts suggest that the country remains focused on strengthening its position in global trade networks.<\/p>\n<p data-start=\"7956\" data-end=\"8161\" data-is-last-node=\"\" data-is-only-node=\"\">For traders and investors, upcoming developments related to the US tariff framework and India-US trade agreement will be key factors shaping the outlook for export-oriented sectors in the months ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2013US Trade Deal Likely After Washington Finalises New Tariff Framework, Says Commerce Secretary India\u2019s long-awaited bilateral trade agreement with the United States is likely to be signed only after Washington completes work on its new tariff structure, according to India\u2019s Commerce Secretary Rajesh Agrawal. Speaking at a press briefing on March 16, Agrawal clarified that [&hellip;]<\/p>\n","protected":false},"author":4,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1362],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-22937","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-and-economy-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/22937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=22937"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/22937\/revisions"}],"predecessor-version":[{"id":22941,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/22937\/revisions\/22941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/22940"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=22937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=22937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=22937"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=22937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}