While the Supreme Court of the United States has struck down the reciprocal tariffs imposed by U.S. President Donald Trump on various countries, including India, several other tariffs remain in place that continue to hurt various sectors, trade analysts and export data show.
In a February 20 ruling, the Court held that Mr. Trump’s use of the International Emergency Economic Powers Act to impose tariffs on other countries exceeded his authority as President, and so struck down the duties.
However, Mr. Trump soon announced that the U.S. would impose a temporary 150-day 10% baseline tariff on all imports from February 24 under Section 122 of the Trade Act of 1974. This section of the Act empowers the President to “address certain fundamental international payment problems through surcharges and other special import restrictions”, according to a factsheet issued by the White House.
Also read: U.S. Supreme Court rejects tariffs LIVE
Impact on deal with India
