The 10% tariff imposed by the Donald Trump administration on most Indian goods to the US, which has been in effect since February 2026, is set to expire on July 24.This temporary measure was a stop-gap solution after the US Supreme Court invalidated the original tariff regime.The expiry affects India's trade relations, as the US has two ongoing investigations under Section 301 that could lead to new tariffs.An interim trade agreement, which would reduce tariffs to 18%, remains unsigned.Additionally, a Senate bill could impose up to 100% tariffs on countries purchasing Russian oil, with India explicitly named.The article highlights possible outcomes, including maintaining the 10% rate, replacing it with Section 301 tariffs, or introducing new measures.Experts suggest urgency to finalize the interim agreement to avoid higher tariffs.

The article also notes that India's exports, particularly electronics and pharmaceuticals, are at risk due to potential changes in tariff policies.The US administration's approach balances leverage with the need to address trade disputes and geopolitical concerns.