Tariffs on Indian goods will be set at 10% under the latest global tariff order issued by the White House, with the new rate taking effect on February 24, as per government sources.
The executive order that would have reduced India's tariffs from 25% to 18% was not released by the US at the time of the Supreme Court ruling.
This comes just hours after Trump stated that, "Our deal with India is they pay tariffs. Prime Minister Modi is a great man, but he was ripping us off. We made a deal with India. We are not paying tariffs. They are paying tariffs. We flipped it," said Trump.
Trump added that all the trade deals are on. "We are just doing differently."
The US President also reiterated his claim of stopping eight wars, saying he effectively used tariffs to make America great again to end eight wars, including the war between India and Pakistan. Meanwhile, Trump also announced that he is imposing additional 10 per cent global tariffs.
Trump said during a White House briefing on Friday that he intends to invoke Section 122 of the Trade Act of 1974 to introduce new tariffs of up to 10% on all trading partners. He also noted that existing duties imposed under Sections 232 and 301 will continue, as the Supreme Court's ruling does not invalidate them.
He added that he has a “backup plan” and is prepared to use other mechanisms to restore the earlier “reciprocal” tariffs. According to Trump, the new 10% levy will be applied on top of the previously existing duties that were struck down by the court.
Earlier on Friday, the U.S. Supreme Court invalidated Trump's broad global tariffs that had been implemented under a national emergency statute. The 6–3 ruling dealt a major blow to Trump, who had relied heavily on tariffs as a core component of his economic and foreign policy agenda during his second term.
Chief Justice John Roberts, writing for the majority, affirmed a lower court's conclusion that Trump had overstepped his authority by invoking the 1977 International Emergency Economic Powers Act (IEEPA) to impose tariffs without approval from Congress. Roberts emphasized that a president must demonstrate “clear congressional authorization” before exercising such far‑reaching powers.
This is a developing story.
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