Trump’s 15% global tariffs: India, US to reschedule chief negotiators meet on interim trade deal
Times of India
by TOI BUSINESS DESKFebruary 22, 2026
AI-Generated Deep Dive Summary
India and the United States have postponed a crucial meeting between their chief trade negotiators, which was set to finalize an interim bilateral trade agreement. The rescheduling comes as both sides evaluate recent developments following US President Donald Trump's announcement of increasing global tariffs to 15%. Despite this, Trump has reaffirmed that the India trade deal remains on track, with India continuing to pay the 18% tariffs agreed upon under the interim framework.
The proposed agreement would have seen India reduce tariffs on most items in exchange for the US lowering its reciprocal tariffs to 18%. However, sector-specific tariffs of 50% on iron and steel, copper, aluminum, automobiles, and
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Originally published on Times of India on 2/22/2026