The US Supreme Court ruled 6-3 that the Trump administration exceeded its legal authority by invoking the International Emergency Economic Powers Act (IEEPA) of 1977 to impose broad-based import tariffs
In a major setback to Donald Trump’s signature trade policy, the US Supreme Court on Friday ruled against most of his sweeping tariff measures. PIC/AFP
US President Donald Trump on Saturday said he is raising the 10 per cent worldwide tariff on countries announced yesterday “to the fully allowed, and legally tested, 15 per cent level”.
In a post on his social media platform Truth Social, Trump also said that during “the next short number of months”, his administration will determine and issue the new and legally permissible tariffs, which will continue the extraordinarily successful process of ‘Making America Great Again’.
“Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10 per cent Worldwide Tariff on Countries, many of which have been "ripping" the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15 per cent level,” Trump said.
“During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again - GREATER THAN EVER BEFORE!!! Thank you for your attention to this matter. President DONALD J. TRUMP,” the post added.
In a major setback 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 a 10 per cent global tariff on all countries effective “almost immediately”.
India to pay tariff until new authority invoked, says White House
A White House official told news agency ANI on Friday that India is expected to pay this tariff, and that the new levy will remain in place until another authority is invoked, emphasising the expectation that trade partners abide by US trade deals.
“Yes, 10 per cent until another authority is invoked,” the White House official stated when asked whether India will have to pay 10 per cent tariffs and whether they would replace previous tariffs under the International Emergency Economic Powers Act (IEEPA).
The official also advised all trade partners to abide by trade agreements, ANI reported.
The US Supreme Court ruled 6-3 that the Trump administration exceeded its legal authority by invoking the International Emergency Economic Powers Act (IEEPA) of 1977 to impose broad-based import tariffs.
Terming the Supreme Court’s ruling a “terrible decision”, Trump on Friday announced he would sign an executive order for a 10 per cent global tariff under Section 122 of the Trade Act of 1974. This provision allows for a temporary import surcharge of up to 15 per cent for 150 days to address balance-of-payments deficits.
India and the United States (US) had on February 7 announced that they have reached a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade. The framework reaffirmed the countries’ commitment to the broader US-India Bilateral Trade Agreement (BTA) negotiations, which will include additional market access commitments and support more resilient supply chains.
Interim trade pact outlines tariff cuts, reciprocal duties; Centre studying US court ruling
The Interim Agreement between the US and India will represent a historic milestone in the two countries’ partnership, demonstrating a common commitment to reciprocal and balanced trade based on mutual interests and concrete outcomes, a joint statement said.
Key terms of the Interim Agreement include India eliminating or reducing tariffs on all US industrial goods and a wide range of food and agricultural products, including dried distillers’ grains (DDGs), red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products.
It said the US will apply a reciprocal tariff rate of 18 per cent under Executive Order 14257 of April 2, 2025, as amended, on originating goods of India, including textiles and apparel, leather and footwear, plastic and rubber, organic chemicals, home décor, artisanal products, and certain machinery. It also stated that subject to the successful conclusion of the Interim Agreement, the US will remove the reciprocal tariff on a wide range of goods, including generic pharmaceuticals, gems and diamonds, and aircraft parts.
The US had earlier imposed a 50 per cent tariff on Indian goods, including a 25 per cent penalty for importing oil from Russia.
The government said earlier in the day that it is studying the implications of the US Supreme Court judgement on tariffs and the steps announced by the President Trump administration.
“We have noted the US Supreme Court judgement on tariffs yesterday. President Trump has also addressed a press conference in that regard. Some steps have been announced by the US Administration. We are studying all these developments for their implications,” the Commerce and Industry Ministry said in a brief statement.
(With ANI inputs)
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