Blog

New Delhi: In a major shift in global trade policy, the United States has announced a reset of its tariffs, which lowers duties on Indian exports from 18% to 10%. This move comes just weeks after the landmark India-US trade agreement that had already reduced tariffs significantly. A White House official said the new 10% global tariff applies to all major trading partners, with previous rates of 15% for Switzerland, South Korea, the EU, and Japan, and 20% for Vietnam. The United Kingdom remains at 10%. Trump reaffirms strong trade ties with India US President Donald Trump emphasised that the…

Washington: US President Donald Trump said on Friday that there will be no change to the India US trade deal, despite the Supreme Court of the United States striking down his earlier reciprocal tariffs. "Nothing changes, they’ll be paying tariffs, and we will not be paying tariffs," Trump said when asked about the impact of the ruling on the agreement being finalised with India. The Supreme Court, in a 6 to 3 decision authored by Chief Justice John Roberts, invalidated Trump’s worldwide tariffs imposed under the International Emergency Economic Powers Act. The court ruled that the 1977 statute does not grant…

New Delhi: US President Donald Trump on Friday announced a temporary 10% tariff on imports from all countries, moving swiftly to restore trade duties that were recently struck down by the Supreme Court. In a post on Truth Social, Trump said, “It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately.” The new tariff will remain in place for 150 days. Trump’s announcement comes after the Supreme Court invalidated tariffs that had been imposed under the 1977 International Emergency Economic Powers Act (IEEPA). Those…

Washington: The US Supreme Court ruled 6-3 against President Donald Trump's expansive global tariffs on Friday (February 20), dismantling a cornerstone of his economic strategy and marking a rare judicial check on his aggressive trade policies. Landmark 6-3 ruling targets emergency powers abuse In a pivotal decision, the Court invalidated tariffs imposed via a 1977 emergency powers statute, including the broad 'reciprocal' duties Trump enacted in April 2025 on nearly all trading partners to combat declared trade deficit emergencies. Dissenters Justices Samuel Alito, Clarence Thomas and Brett Kavanaugh argued for upholding executive flexibility, but the majority found Trump's invocation stretched…