ASSESSMENTS

The State of the Indian-U.S. Trade Deal After IEEPA Tariffs

Mar 4, 2026 | 18:12 GMT

U.S. Secretary of State Marco Rubio meets with Indian External Affairs Minister Subrahmanyam Jaishankar on Feb. 3 in Washington.
U.S. Secretary of State Marco Rubio meets with Indian External Affairs Minister Subrahmanyam Jaishankar on Feb. 3 in Washington.

(Luke Johnson/Getty Images)

In the wake of the Feb. 20 U.S. Supreme Court ruling striking down Trump's use of the International Emergency Economic Powers Act tariffs, India will likely delay implementing its trade deal with the United States while seeking opportunities to expand its Russian oil imports, but this will create a lingering risk of pharmaceutical tariffs....

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