India to hold off on US trade deal amid new probe, sources say

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices trim early losses as Iran supply fears overshadow Russia measures Oil prices float above $100 a barrel amid ongoing Iran war - what’s moving markets Hormuz oil flows down 97% from normal levels, Goldman Sachs says Gold prices rise but head for second weekly loss as Iran war spurs inflation fears (South Africa Philippines Nigeria) India to hold off on US trade deal amid new probe, sources say By World Published 03/13/2026, 04:13 AM Updated 03/13/2026, 06:25 AM India to hold off on US trade deal amid new probe, sources say 0 By Shivangi Acharya and Krishna N. Das NEW DELHI, March 13 - India will hold off on signing a trade deal with the United States for several months, four Indian sources said, as fresh investigations by President Donald Trump’s administration into what it calls excess industrial capacity among trading partners add new friction after an early understanding last month. New Delhi had initially expected to sign an interim deal in March, followed by a full deal later, after Trump agreed in early February to cut punishing U.S. tariffs on Indian imports in return for commitments including halting Russian oil imports, lowering duties on U.S. goods and pledging to buy $500 billion worth of American products. That timeline could now slip by several months, the sources said, although U.S. officials say they expect India to honour its commitments. The Indian sources, all government officials with direct knowledge of the matter or briefed on it, declined to be named because they were not authorised to speak to media. A spokesperson from India’s trade ministry denied any hold off in bilateral engagement. "It is reiterated that the two sides remain engaged for a mutually beneficial trade agreement," the spokesperson added, without offering details on formal signing of the deal. A White House official said the U.S. was continuing to work with India on finalising a deal. Negotiations lost momentum ...