US confirms temporary 10% tariff on India after court ruling
pre-market1 source ↓written by the desknot a recommendation
- reducing tariffs
- 25% to 18%
The US White House announced a temporary 10% tariff on India following the US Supreme Court's ruling against previous tariffs. President Trump reaffirmed that the trade deal with India remains intact, reducing tariffs from 25% to 18%. This move replaces the struck-down duties under the International Emergency Economic Powers Act (IEEPA).
This tariff adjustment may influence trade dynamics and investor sentiment in sectors reliant on US-India trade relations.
Not investment advice. For informational purposes only.