Trump tariffs live updates: Union minister Pralhad Joshi said the Centre will study the recent US Supreme Court ruling on tariffs before giving any official response, saying that the matter comes under the jurisdiction of the commerce ministry and the ministry of external affairs (MEA). The US Supreme Court on Friday struck down President Donald Trump’s sweeping global tariffs, dealing him a major setback. In response, Trump said he was “absolutely ashamed” of some justices who ruled 6-3 against him, calling them “disloyal to our Constitution" and “lapdogs."...Read More
Trump tariffs live: Imposing a 10 per cent global tariff on all countries, US President Donald Trump on Friday wrote on Truth Social: “It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately. Thank you for your attention to this matter! PRESIDENT DONALD J. TRUMP”.
Trump tariffs live: Opposition in India has called for Prime Minister Narendra Modi-led government to put the nation’s trade deal with the US on hold and amend it after US Supreme Court on Friday struck down many of the levies President Donald Trump put in place last year.
“In light of the recent US Supreme court order on tariffs, the government of India should put the Indo-US trade deal on hold,” said Jairam Ramesh, general secretary in-charge of communications of Congress
Trump tariffs live: Focus shifts to already-collected tariffs, their refunds
Trump tariffs live: With the Supreme Court striking down President Donald Trump's tariffs on countries, focus has now shifted to a $133 billion question - What's going to happen to the money the government has already collected in import taxes now declared unlawful?
When the smoke clears, trade lawyers say, importers are likely to get money back - eventually. "It's going to be a bumpy ride for awhile," said trade lawyer Joyce Adetutu, Associated Press quoted a partner at the Vinson & Elkins law firm.
Trump tariffs live updates: Congress demands India-US trade deal be put on hold
Trump tariffs live updates: Congress leader Jairam Ramesh called on the Centre to immediately halt the India-US interim trade framework after the US Supreme Court’s ruling on tariffs.
Speaking to reporters here, Ramesh said, "We demand that in view of the Supreme Court's decision on tariff, the Modi government should immediately put the Indo-US framework of interim agreement on hold. Use the clause in the joint statement and renegotiate the deal to eliminate liberalisation of imports in agriculture."
Trump tariffs live updates: What Centre said on SC verdict striking down Trump's tariffs
Trump tariffs live updates: In first response to the United States' Supreme Court's order striking down the reciprocal tariffs imposed, union minister Pralhad Joshi said on Saturday that the Centre will examine the ruling and either the commerce ministry or the ministry of external affairs will react to it.
“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,” Joshi was quoted as saying by news agency ANI.
Trump tariffs live updates: India's first reaction to SC verdict on Trump's tariffs
Trump tariffs live updates: Union minister Pralhad Joshi said the Centre will study the recent US Supreme Court ruling on tariffs before giving any official response, stating that the matter comes under the jurisdiction of the commerce ministry and the ministry of external affairs.