India-US Trade Pact Nears Finish Line Amid Tariff Recalibration

India and the United States are on the cusp of finalizing a "vibrant" interim trade agreement, with a potential rollout anticipated by mid-July 2026. This pact, however, requires significant recalibration after a recent US Supreme Court ruling prompted Washington to impose a uniform 10% tariff on all trading partners. Earlier negotiations had seen the US agreeing to substantial tariff reductions on Indian goods, from 50% to 18%. Prime Minister Narendra Modi hailed the landmark agreement, stating it reflects a changing world order increasingly favoring India. Negotiators from both nations held a three-day round of talks in New Delhi earlier this month to iron out the remaining details.