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HomeWorld NewsTrump Tariffs Live Updates: India-US trade framework may need review after 10% US levy, say experts
President Donald Trump has imposed a 10% ad valorem duty on all goods entering the United States for a period of 150 days. For India, goods that were earlier subject to a 25% reciprocal tariff will now face a 10% duty, as the previously agreed 18% rate had not been formally notified, effectively resulting in a direct reduction from 25% to 10%.
US Supreme Court Trump Tariffs Ruling Live Updates: Indian government sources have confirmed to CNBC-TV18 that tariffs on Indian goods entering the United States will be reduced to 10% following the latest White House notification.
All goods that were earlier subject to a 25% reciprocal tariff will now see duties cut to 10%, as the previously agreed 18% rate had not been formally notified, effectively resulting in a direct reduction from 25% to 10%.
Earlier, CNBC reported that 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.
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.
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
