Trump's 10% Global Tariff: Experts Discuss Impact On India Trade Deal | India-US Trade Deal Updates

Описание: In a significant escalation of trade tensions, the Trump administration has announced a 10% global tariff on all nations with US trade deals, effective immediately for 150 days. This move follows a US Supreme Court ruling that President Trump exceeded his authority by using emergency powers to impose previous tariffs. Siddharth Zarrabi, Group Editor of Business Today, noted that for India, this could effectively bring the tariff rate back to approximately 18.3%. Former diplomat Prabhu Dayal argued that India should use the court's ruling as leverage to renegotiate more favourable terms during upcoming talks on 23 February. International expert Dr. Subra Kamal Dutta highlighted the constitutional conflict, stating the President must now follow the 'Congress route' for taxing powers. The panel discussed the confusion within the White House regarding the 18% versus 10% rates and emphasized that the India-US interim trade agreement is not yet operational, providing a window for New Delhi to seek clarity and better reciprocal terms.

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