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 …
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New Delhi, Feb 21 (IANS) Opposition leaders in India on Saturday welcomed the decision of the US Supreme Court striking down tariff measures imposed during the tenure of US President Donald Trump, terming the verdict significant for global trade and rule-based economic order.Aam Aadmi Party (AAP) MP Ashok Mittal also referred to fluctuations in tariff levels in recent years.“On August 27, 2025, the US increased the tariff from 25 per cent to 50 per cent. Earlier, under the interim trade deal b…
New Delhi, Feb 21 (IANS) Calling the US decision to reduce tariffs to 10 per cent a ‘very positive development’ for emerging markets, an expert on Saturday said the move helps normalise global trade and brings much-needed clarity to businesses and investors.Speaking to IANS on the sidelines of an event organised by All India Management Association (AIMA) here, Vishal Kampani, Senior Vice President of AIMA and Vice Chairman & Managing Director of JM Financial Limited, said the US move to …
New Delhi, Feb 21 (IANS) After the US Supreme Court struck down reciprocal tariffs imposed by the Donald Trump administration, the White House has released a Fact Sheet, explaining that Trump has now invoked his authority under “Section 122 of the Trade Act of 1974”, which empowers the President to address certain “fundamental international payment problems” through surcharges and other special import restrictions.The Proclamation imposes, for a period of 150 days, a 10 per cent “ad va…
Washington, Feb 21 (IANS) The son of Indian immigrants who once served as America’s top courtroom advocate has emerged as the face of a landmark Supreme Court judgement that overthrew President Donald Trump’s sweeping tariffs.Neal Katyal, a former Acting Solicitor General of the United States, argued against Trump’s use of the 1977 International Emergency Economic Powers Act (IEEPA) to impose what he described as “unjust, unconstitutional taxes” on imports from nearly every trading par…
Washington, Feb 21 (IANS) US President Donald Trump used an expansive and combative news conference to respond to a Supreme Court judgment that curtailed his use of a key tariff authority, turning what might have been a defensive moment into an aggressive reaffirmation of his trade doctrine. Over more than an hour inside the James S Brady Press Briefing Room of the White House on Friday afternoon, Trump attacked the apex court, dismissed Congressional critics, signalled higher tariffs ahead, def…
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 has accused the Supreme Court of being “swayed by foreign interests”, suggested tariffs could be raised beyond current levels, and warned that he has the power to embargo countries altogether after a court judgment curbed his use of a particular tariff authority. At a combative White House news conference on Friday afternoon, Trump said: “It’s my opinion that the court has been swayed by foreign interests and a political movement that is far sm…
Washington, Feb 21 (IANS) The White House has clarified that India will face a 10 per cent tariff temporarily following US President Donald Trump’s announcement of a new global tariff order, replacing the earlier International Emergency Economic Powers Act (IEEPA)-based duties that were struck down by the Supreme Court. “The 10 per cent would replace the IEEPA tariffs (50 U.S.C. 1701 et seq.) that were just struck down,” a White House official told IANS on Friday afternoon.Early this month, Trum…
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…