economy
March 14, 2026
India denies Reuters claim over US trade deal delay
The news agency reported that New Delhi could delay signing the pact after a new tariff probe by the Trump administration
TL;DR
- India has denied Reuters' report claiming a delay in bilateral engagement and a trade deal with the US.
- The Indian Commerce Ministry stated that negotiations for a mutually beneficial trade agreement are ongoing.
- The alleged delay was linked to investigations by the US administration into industrial capacity of trading partners.
- India and the US had previously announced an interim trade deal following tariff disputes.
- India has maintained its stance on purchasing Russian oil based on competitive prices, asserting it does not require US permission.
- India has signed trade pacts with the European Union, UK, Oman, and New Zealand in recent years.
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