US President Donald Trump on Saturday said that he is raising the 10% worldwide tariff on countries announced yesterday "to the fully allowed, and legally tested, 15% level."
The government said on Saturday that it is studying the implications of the US Supreme Court judgement on tariffs and the steps announced by the President Trump Administration.
India remains in a strong position despite recent changes to the US tariff regime, according to Chandrima Chatterjee, Secretary General of the Confederation of Indian Textile Industry (CITI).
The landmark 6-3 ruling by the US Supreme Court striking down emergency tariffs has sent ripples through the global trade community. While the ruling curtails executive power, the immediate introduction of a 10 per cent uniform levy under Section 122 has drawn sharp reactions from trade, leg
Speaking to reporters here on Saturday, Joshi said, "I have read in the media that the US top court has given some judgment and the Indian government will study that, and whatever the reaction needs to be given, that will be given by the Commerce Ministry and MEA, not by me."
Speaking on the ruling, Tewari said, "The 6-3 verdict of the US Supreme Court is a message to all constitutional courts around the world that they are charged with the responsibility of checking executive excess, and if the judiciary does not step up to the plate or does not perform its d
He alleged that despite this knowledge, the Indian government moved hastily. "What forced or compelled Narendra Modi to suddenly, on the 2nd of February, call up Donald Trump and accept all his conditions, including the fact that we will not buy cheap oil from Russia? That in itself is a
Indian exporters are set to receive immediate relief following the US Supreme Court's ruling on the US administration tariffs, according to Manoj Mishra, Partner at Grant Thornton Bharat.
In a post on X, Gandhi once again accused PM Modi of being compromised and said his "betrayal now stands exposed." He further claimed that the Prime Minister would be unable to renegotiate the trade deal and would "surrender again."
In a post on X, she noted that while the trade now attracts a 10% tariff following the court intervention, US imports to India continue at 0%. She also praised Brazil for maintaining its trade sovereignty despite being among the highest-tariffed nations. Chaturvedi described the US court'
Faced with US Supreme Court order that tariffs imposed by Trump administration under the IEEPA were illegal, US Trade Representative Jamieson Greer outlined a set of options his government will take to "ensure continuity in reaching these goals and as part of our negotiated agreements wit
Katyal, who serves as the Paul and Patricia Saunders Professor of National Security Law at Georgetown University Law Center, described the ruling as a sweeping endorsement of the arguments advanced in the case challenging what plaintiffs called unconstitutional taxation by the executive b