Washington, Feb 24 (IANS) US President Donald Trump is considering fresh national security tariffs on a half-dozen industries after the Supreme Court struck down many of his second-term levies, a media report said.According to a Wall Street Journal report, the proposed measures could target sectors including large-scale batteries, cast iron and iron fittings, plastic piping, industrial chemicals, and power grid and telecom equipment.The tariffs would be issued under Section 232 of the Trade Expa…
Latest Section 232 News & Updates
Washington, Feb 23 (IANS) US Trade Representative Jamieson Greer said the Trump administration has “very durable tools” to keep its tariff-driven trade strategy intact after the Supreme Court struck down most of President Donald Trump’s sweeping tariffs, insisting the White House is now focused on “continuity” as it shifts to other legal authorities and investigations. In an interview to a top US media portal on Sunday, Greer said the Trump administration had prepared “backup plans” in case the …
New Delhi, Feb 22 (IANS) The tariffs collected from various jurisdictions by the US administration range from $160-175 billion (Chinese companies have paid the highest likely), and the refund could be a ‘mess’ but it would also be a psychological deterrent in imposition of future tariff structure, according to a new SBI Research report.US President Donald Trump has now raised global tariffs to 15 per cent, invoking Section 122 of the Trade Act of 1974, a move that escalates his trade offensi…
Washington, Feb 22 (IANS) US President Donald Trump raised a newly imposed global tariff to 15 per cent, invoking Section 122 of the Trade Act of 1974 as reported by The Wall Street Journal, a move that escalates his trade offensive a day after the US Supreme Court struck down much of his earlier tariff regime.In a post on Truth Social, Trump said the increase followed “a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Ta…
New Delhi, Feb 21 (IANS) As US Supreme Court struck down President Donald Trump’s use of emergency powers to impose sweeping “reciprocal” tariffs, analysts said on Saturday that roughly 55 per cent of India’s exports to the US is likely to be subjected to Most Favoured Nation (MFN) tariffs, instead of 18 per cent duties (which have now been lowered to 10 per cent).MFN tariffs are the base rates the US applies to all World Trade Organisation (WTO) members and the average US MFN tariff on …
Washington, Feb 21 (IANS) US Trade Representative Jamieson Greer said that the Trump administration will continue to execute the President’s trade agenda despite the Supreme Court’s ruling limiting the use of emergency tariff powers, stressing that alternative legal tools are already being deployed.Speaking to Fox News, Greer said the administration’s approach remains intact even if the statutory pathway shifts.“Simultaneously, the office of the US Trade Representative will initiate a nu…
Washington, Feb 21 (IANS) US Treasury Secretary Scott Bessent made clear that tariffs will remain a central tool of President Donald Trump’s economic strategy, even after a Supreme Court ruling limited the administration’s use of one legal authority to impose them.Speaking at the Economic Club of Dallas, Bessent addressed the court’s decision directly. “Six Justices simply ruled that IEEPA (International Emergency Economic Powers Act) authorities cannot be used to raise even one dollar o…
Washington, Feb 21 (IANS) Countries that struck trade deals with President Donald Trump — including India, the United Kingdom, the European Union, and Japan — will temporarily face a uniform 10 per cent tariff following the Supreme Court’s decision restricting the administration’s use of emergency tariff powers under the International Economic Emergency Powers Act (IEEPA), the White House said“SCOTUS (Supreme Court of the United States) ruled that the President cannot impose tariffs us…
Washington, Feb 21 (IANS) US President Donald Trump has mounted a forceful and combative defence of his trade agenda after the Supreme Court curtailed his use of a key tariff authority, accusing unnamed “foreign interests” of influencing the justices, announcing a new 10 per cent global tariff and signalling that even steeper trade measures — including embargoes — could follow. Speaking at a White House news conference on Friday afternoon that blended grievance, policy, and political activism,…
Washington, Feb 21 (IANS) US President Donald Trump, lashed out at the Supreme Court after it struck down his use of a key tariff authority, calling the apex court’s verdict “deeply disappointing”, while announcing he would move immediately to other statutes — including a new “10 per cent global tariff” — that he said would keep his tariff programme intact. “The Supreme Court’s ruling on tariffs is deeply disappointing, and I’m ashamed of certain members of the court, absolutely ashamed, for n…