India reviews US tariff developments after SC ruling; Trump announces 10% temporary import surcharge
India is now evaluating how these changes could influence bilateral trade flows and broader economic ties between the two nations
PTC Web Desk: The Union Ministry of Commerce and Industry on Saturday said the Government of India is closely assessing recent developments in the United States concerning tariffs and their possible impact on trade relations.
The statement came a day after the Supreme Court of the United States delivered a significant ruling on tariff measures introduced by US President Donald Trump. In a 6–3 majority decision led by Chief Justice John Roberts, the nine-judge bench held that tariffs cannot be imposed under the International Emergency Economic Powers Act (IEEPA) of 1974 without approval from Congress.
Reacting to the judgment, the Indian commerce ministry said it has taken note of the verdict and subsequent announcements made by the US administration. “We are examining all recent developments and evaluating their implications,” the ministry said, indicating that a detailed assessment is underway.
Union Minister Pralhad Joshi also commented on the issue, stating that the government will carefully study the court’s decision before issuing an official response. He clarified that any formal reaction would come from either the commerce ministry or the Ministry of External Affairs.
Trump announces fresh 10% import surcharge
Shortly after the court ruling, President Trump signed an executive order revoking certain earlier tariff measures. However, he simultaneously introduced a new policy measure in the form of a temporary 10 per cent import surcharge.
According to the official proclamation, the additional duty, described as an ad valorem levy, will be applied to a broad range of goods entering the United States. The surcharge is scheduled to take effect at 12:01 am Eastern Standard Time on February 24, 2026.
The US administration justified the move by citing concerns over persistent trade imbalances, a widening trade deficit, and vulnerabilities in the country’s balance of payments. Officials also flagged potential financial stability risks arising from global trade pressures.
The order specifies several exemptions. Critical minerals, select metals used in currency and bullion, energy products, pharmaceuticals, and certain aerospace-related goods will not be subject to the surcharge.
The temporary import duty is expected to remain in place for up to 150 days, ending on July 24, 2026, unless it is withdrawn earlier or extended with congressional approval.