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HomeWorld NewsTrump tariff Live updates: India among countries to get 10% rate for 150 days, CNBC reports
President Donald Trump said he would impose an additional global tariffs of 10% over and above the rates currently applicable on exports from each country sending goods to America.
Countries with trade agreements with the United States, including India, will see tariff rates lowered to 10% under the latest proclamation signed by US President Donald Trump, White House officials told CNBC.
Officials cited by CNBC’s Eamon Javers said the revised 10% ad valorem tariff will remain in effect for 150 days. The temporary duty is set to take effect from February 24 at 12:01 a.m. Eastern Standard Time.
The clarification comes after the Supreme Court of the United States struck down the administration’s earlier global tariff regime in a 6–3 ruling, forcing a reset in trade policy. The updated framework is expected to apply uniformly to countries that have trade deals in place with the US.
India, which was previously subject to higher tariff rates under the earlier regime, is among the countries likely to benefit from the revised 10% levy during this temporary period.
Following the ruling, Trump criticised the justices, calling them a “disgrace to the nation” and accusing them of being swayed by “foreign interests and small political movements”.
The majority held that the statute used to justify the import duties “does not authorize the President to impose tariffs”, effectively invalidating the unilateral measures imposed on multiple countries. The court, however, did not address whether affected parties would be eligible for tariff refunds.
The ruling carries broader implications for executive authority in trade policy and could reshape the legal framework governing future tariff actions. US markets reacted positively, with the S&P 500 climbing 0.69%, the Nasdaq Composite gaining 0.9%, and the Dow Jones rising 230.81 points.
Here are the live updates
