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Finance Minister Nirmala Sitharaman connected Monday (February 23, 2026) said it is excessively aboriginal to remark connected the tariff changes announced by the United States and the Commerce Ministry is reviewing the situation.
On Friday (February 20, 2026), the U.S. Supreme Court gave a verdict against the sweeping import tariffs imposed by the Trump medication connected commercialized partners. Following that, President Donald Trump imposed a 10% tariff connected each countries, including India, from February 24 for 150 days. Later connected Saturday (February 21, 2026), Mr. Trump announced raising these tariffs to 15%.
Also read: U.S. Supreme Court rejects tariffs highlights
Asked astir the interaction of tariff changes connected the Indian economy, Ms. Sitharaman said it is simply a “bit excessively soon” to comment.
“But connected the commercialized particularly, speech from the Indian system successful general, the Commerce Ministry is reviewing the situation. The delegation volition person to instrumentality a telephone connected erstwhile they are going to spell for further negotiations. So it’s a spot excessively aboriginal for maine (to comment),” Ms. Sitharaman said.
On Sunday (February 22, 2026), India and the U.S. decided to reschedule the projected gathering of their main negotiators, expected to beryllium held successful Washington from Monday (February 23, 2026), to finalise the substance for the interim commercialized pact, according to sources.
Joint Secretary successful the Commerce Ministry, Darpan Jain, is the main negotiator of India for this agreement.
Talking to reporters aft addressing the RBI’s Central Board successful New Delhi, Ms. Sitharaman said India has been connected a precise wide way of wanting to person commercialized deals and has already inked pacts with Australia, New Zealand, the UAE, Qatar, Oman, the EU and the U.K.
“So, therefore, our effort to person a commercialized statement volition spell connected with countries,” she said, adding that India wants the system to person the vantage of trading globally and being capable to scope planetary markets.
