India is expecting a US trade delegation for the next round of talks covering all pending issues, including the Section 301 probe. Washington launched the investigation in March, citing India’s alleged excess capacity in multiple sectors. Officials say any proposed trade deal will not move forward until the probe reaches a conclusion, keeping negotiations in limbo.
An interim India US trade pact is expected to be wrapped up before late July, but the final signature is being complicated by changes to U.S. emergency trade powers. After a Supreme Court ruling against the administration’s emergency approach, current surcharge measures are set to expire, making a pre-July agreement crucial to avoid heavier Section 301 penalties.
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