Too early to comment on U.S. tariff changes; Commerce Ministry reviewing situation: Sitharaman
The Hindu
Finance Minister Nirmala Sitharaman states it's premature to assess U.S. tariff changes as India reviews its trade strategy.
Finance Minister Nirmala Sitharaman on Monday (February 23, 2026) said it is too early to comment on 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 administration on trade partners. Following that, President Donald Trump imposed a 10% tariff on all countries, including India, from February 24 for 150 days. Later on Saturday (February 21, 2026), Mr. Trump announced raising these tariffs to 15%.
Also read: U.S. Supreme Court rejects tariffs highlights
Asked about the impact of tariff changes on the Indian economy, Ms. Sitharaman said it is a “bit too soon” to comment.
“But on the trade particularly, aside from the Indian economy in general, the Commerce Ministry is reviewing the situation. The delegation will have to take a call on when they are going to go for further negotiations. So it’s a bit too early for me (to comment),” Ms. Sitharaman said.
On Sunday (February 22, 2026), India and the U.S. decided to reschedule the proposed meeting of their chief negotiators, supposed to be held in Washington from Monday (February 23, 2026), to finalise the text for the interim trade pact, according to sources.
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