India, March 27 -- The Government of India has issued a release:
The Government is actively engaged with all stakeholders, including exporters, Export Promotion Councils and industry, including those in Tamil Nadu, to assess and address the impact of evolving global trade developments. In this context, India and the United States (U.S.) announced a trade arrangement on 02 February 2026, followed by a Joint Statement on 07 February 2026. Subsequently, the 25% additional ad valorem tariffs imposed by the U.S. on certain Indian exports, citing India's imports of Russian oil, were withdrawn. Further, pursuant to the U.S. Supreme Court judgement dated 20 February 2026, reciprocal tariffs have been invalidated and are no longer in force. However...