New Delhi, May 29 -- After a federal court of the United States struck down a reciprocal tariff announced by US President Donald Trump, the Global Trade Research Initiative (GTRI) said that India should proceed cautiously in its ongoing Free Trade Agreement (FTA) negotiations with the US.

A Manhattan-based federal court on May 28 struck down Trump's move to impose reciprocal tariffs on the trading partners of the US and ruled that he can't use emergency power to impose tariffs on foreign countries; it has to come from Congress.

The order of the court determined that the tariffs, including those introduced under emergency economic powers, were unlawful.

Analysing the impact of the ruling on Trade negotiations, Ajay Srivastava, founder o...