The European Union has demanded that Washington honour its trade commitment and provide "full clarity" after the US President announced 15 per cent global tariffs following the Supreme Court's ruling to invalidate his previous tariffs under the International Emergency Economic Powers Act
Congress MP Jairam Ramesh on Sunday questioned the Centre over not waiting for the United States Supreme Court's ruling on Trump tariffs before agreeing to a trade deal framework with Washington.
Former Union Minister Pawan Bansal on Sunday reacted to the US Supreme Court's order against former US President Donald Trump's tariff decisions, saying the ruling clearly defines the role of the legislature and judiciary in a democracy.
"We'll have a Maha Kisan Maha Chaupal in Bhopal, in Yavatmal, Maharashtra, on 7th March, and later in Sri Ganganagar, Rajasthan. We're in touch with farmers' organisations. We'll work with them too. Three black laws were withdrawn. It took 14-15 months, but PM Modi was forced to withdraw
In a major blow to Trump's signature trade policy, the US Supreme Court on Friday ruled against most of his sweeping tariff measures. Trump later signed an order making 10 per cent global tariff on all countries, effective "almost immediately".
The Court ruled 6-3 that the administration exceeded its authority by using the International Emergency Economic Powers Act (IEEPA) of 1977 to impose broad-based import tariffs, affirming that the power to levy taxes resides primarily with Congress.
The report noted that countries may need to adopt "counter-intuitive" negotiation strategies to position themselves during the interim period, as ultimate authority over tariffs rests with a finely balanced US Congress.
Neal Katyal, a prominent Indian-American lawyer and former Acting Solicitor General of the United States, questions Trump's 15% global tariff under Section 122, citing DOJ's past stance that trade deficits differ from balance-of-payments issues. After Supreme Court struck down earlier tar
The India-US trade deal has left India with an effective 18.4% tariff burden, sparking criticism of the Modi government's concessions to the US. Pawan Khera slammed the deal as "all pain, no gain," pointing out that countries like Brazil refused to rush into a deal and are now vindicated.
Kumaran, while speaking at the Special Briefing by MEA on State visit of President of Brazil to India, said that it was a rather new development and both sides needed to study about it.
Congress Rajya Sabha MP P Chidambaram on Saturday slammed BJP supporters and economic commentators welcoming the 10 per cent tariffs on Indian goods by the United States, asking them to condemn the "weaponisation of tariffs" by Donald Trump.