The decision followed a 6 to 3 Supreme Court verdict striking down reciprocal tariffs under the International Emergency Economic Powers Act. Certain goods, including energy products, pharmaceuticals and vehicles, have been exempted from the temporary surcharge.
Trump insisted that the India-US trade deal remains on track. “I think my relationship with India is fantastic, and we're doing trade with India,” he said.
In a response to a major Supreme Court setback, US President Donald Trump announced the retention of existing national security tariffs and imposed a...
The U.S. Supreme Court on Friday struck down President Donald Trump’s sweeping global tariffs, ruling that he exceeded his authority by invoking a 1977...
At the Munich Security Conference, US Secretary of State Marco Rubio clarified that India has committed only to not increasing Russian oil imports. This "additional" caveat allows New Delhi to maintain energy security while navigating US trade pressures and domestic political criticism.
If the current interim trade framework progresses toward a broader bilateral agreement, it suggests that the surplus could exceed $90 billion annually if export expansion materialises alongside increased imports.
In a major setback to pollution control efforts, U.S. President on Thursday eliminated vehicle emission standards for cars and trucks in the country. The...
President Trump revealed he increased Swiss tariffs to 39% following a tense call with President Karin Keller-Sutter. Rates were later slashed to 15% after Swiss executives gifted Trump a Rolex clock and gold bar, alongside a $200 billion U.S. investment pledge.