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…
Latest Trade Framework News & Updates
Washington, Feb 19 (IANS) The newly announced India-US trade framework is a “positive development” that could unlock significant export gains for both countries, deepen supply chain integration, and inject fresh momentum into the broader strategic partnership, a former US Commerce Department official said. Atman Trivedi, Partner at DGA-Albright Stonebridge Group, who was Senior Director for Policy in Global Markets at the US Commerce Department and played a central role in creating the US-In…