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…
Latest Section 232 News & Updates
New Delhi, Feb 20 (IANS) The US Supreme Court’s ruling against reciprocal tariffs brings significant legal clarity and reduces tariff uncertainty for India, reinforcing limits on unilateral tariff actions, industry experts said on Friday.Notably, under the interim trade arrangement the US had agreed to reduce reciprocal tariffs on India to 18 per cent which will no longer remain relevant following the Court’s decision. “Any attempt to levy such tariffs would require Congressional approval….
New Delhi, Feb 8 (IANS) The interim US trade deal framework supports India’s broader goal of crossing $120 billion in engineering exports in FY2025‑26, according to the industry.Moreover, according to the Engineering Export Promotion Council of India (EEPC), the tariff reduction also strengthens India’s journey toward the target of achieving $250 billion in engineering exports by 2030, “especially as better access to the US market is a key to reaching that milestone”.“The US being th…
New Delhi, Feb 3 (IANS) The reduction of US tariffs on India effectively takes India’s rate below most ASEAN peers and puts it at an advantageous position compared to China, a report showed on Tuesday.US President Donald Trump announced that the US and India had agreed on a trade deal, under which reciprocal tariffs on India will be lowered to 18 per cent from 25 per cent earlier.There was no explicit mention of how the additional punitive tariff of 25 per cent (due to Russian oil purchases) w…
Washington, Jan 15 (IANS) US President Donald Trump has said he has signed two new trade actions under Section 232. The moves target critical minerals and semiconductor imports. White House Staff Secretary Will Scharf said the first action followed a trade investigation into critical minerals. He said it creates a process to secure US supply chains for critical minerals and related products.The second action focuses on semiconductors. Scharf said it sets up a two-phase process. Under the first p…