- By Raju Kumar
- Sat, 21 Feb 2026 04:55 PM (IST)
- Source:JND
Trump Tariff Revocation: India reacted to the US Supreme Court revoking President Donald Trump's Sweeping Emergency Tariff imposed on several countries, including India, terming them illegal, after which the White House announced a fresh 10 per cent tariff.
The Ministry of Commerce and Industry released a note saying that it is studying all the developments linked to the tariff issue.
"We have noted the US Supreme Court judgement on tariffs yesterday. President Trump has also addressed a press conference in that regard. Some steps have been announced by the US Administration. We are studying all these developments for their implications," the note read.
A few hours ago, Pralhad Joshi, who holds the Ministry of Consumer Affairs, Food and Public Distribution, also said that the government will study the developments in the US.
"I have read in the media that the US top court has given some judgment and the Indian government will study that, and whatever the reaction needs to be given that will be given by the Commerce Ministry and MEA, not by me," he added.
Big Setback For Trump's Tariff Policy
In a major setback to Trump's pivotal economic agenda for his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the president on nations around the world were illegal and that he had exceeded his authority when he imposed the sweeping levies.
Later, furious with the ruling, Trump announced a fresh 10 per cent tariff which are applicable on all countries, trading with the US. The President said, "I impose, for a period of 150 days, a temporary import surcharge of 10 per cent ad valorem on articles imported into the United States, effective February 24, 2026".
Tariff Against India Reduced To 10 Per Cent
With the US Supreme Court striking down Trump's global tariffs and Washington issuing a new order imposing a temporary 10 per cent import surcharge, Indian goods will now face only a 10 per cent reciprocal levy from February 24. Experts said the development will benefit Indian exporters as their goods will get lower tariff in America.
Uncertainty Looms In Business Circle
Businesses face a new wave of uncertainty after the Supreme Court struck down tariffs imposed by Trump under an emergency powers law and Trump vowed to work around the ruling to keep his tariffs in place. The Trump administration says its tariffs help boost American manufacturers and reduce the trade gap. But many US businesses have had to raise prices and adjust in other ways to offset higher costs spurred by the tariffs.
(With agencies inputs)