Trump Tariffs For India Slashed To 10% From 18% After SCOTUS Ruling | What Does It Mean? | N18G | 4K скачать в хорошем качестве

Trump Tariffs For India Slashed To 10% From 18% After SCOTUS Ruling | What Does It Mean? | N18G | 4K

The White House announced that US trading partners, including India, will now face a flat 10% tariff, overriding previously agreed rates under deals finalized with the Trump administration. This tariff will remain until another authority intervenes, ensuring compliance with US trade agreements. The Supreme Court ruled 6-3 that the Trump administration exceeded its authority by using the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs, a decision Trump criticized as “ludicrous,” claiming it favors other countries. In response, Trump signed an executive order implementing a global 10% tariff under Section 122 of the Trade Act of 1974, which allows temporary surcharges to address balance-of-payments deficits. He confirmed that the trade deal with India remains intact, emphasizing a strong personal bond with Prime Minister Narendra Modi. Under the interim US-India pact, the US reduced its reciprocal tariff from 50% to 18%, while India agreed to eliminate tariffs on American goods, creating what Trump called a fair and mutually beneficial trade arrangement. #TrumpTariff, #IndiaTrade, #USIndiaDeal, #TradeNews, #GlobalTariff, #ModiTrump, #USIndiaRelations, #10PercentTariff, #TradeUpdate, #EconomicNews Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools. A part of Network18, moneycontrol.com is India’s most trusted destination for financial and business news. #live #livenews #latestnews #topnews #moneycontrol #moneycontrollive #businessnews #businessnewslive #stockmarket #stockmarket #sharemarketnews #stockmarketliveupdates Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook: /moneycontrol Twitter: /moneycontrolcom Instagram: /moneycontrolcom