INDIA: RTRS-US Trade Delegation To Visit 5-6 June: Trade Min Source

Reuters reporting that, according to an Indian Trade Ministry source, a US trade delegation is set to visit India from 5-6 June as both sides look to reach a trade agreement. The source also reports that the India gov't is "studying the impact" of a Court of International Trade decision that has upended US President Donald Trump's tariff policy. 

• On 28 May, the Economic Times reported that the US and India were closing in on an interim deal that could be announced by 25 June. This would have averted the re-imposition of 26% 'reciprocal' tariffs come 9 July.
• However, amid the uncertainty it remains to be seen how the Indian gov't reacts. With Trump's deputy Chief of Staff Steven Miller calling the court's decision a "judicial coup" and White House spox Kush Desai saying “the administration is committed to using every lever of executive power to address this crisis,” it is unlikely that the issue of tariffs will disappear any time soon.
• For India, once labelled the 'tariff king' by Trump, the prospect of sectoral tariffs (which may be permissible under the court ruling) rather than broader national tariffs also pose threats to Indian exports. As such, New Delhi is likely to look to maintain recent momentum in trade talks.