India now faces lower tariff rate of 10% with Trump’s proclamation on new levies after U.S. Supreme Court verdict

The U.S. Supreme Court ruled against President Donald Trump's tariffs on nations worldwide, citing exceeding presidential authority. In response, the Trump Administration imposed a 10% ad valorem import duty on goods imported into the United States for 150 days, effective February 24th. This action comes after the U.S. and India reached an interim trade agreement with a reduced reciprocal tariff rate of 18%. The Trump Administration argues that this new tariff will address fundamental international payments problems and benefit American workers, farmers, and manufacturers.