US Tariff On India Latest: Donald Trump Invokes Trade Act 1974 Section 122 | 15% Tariff | What's New

Описание: In a dramatic policy shift, U.S. President Donald Trump invoked Section 122 of the Trade Act of 1974, imposing a 10% global tariff on all trading partners and raising it to 15% within 24 hours, the maximum allowed under the law. This comes after the U.S. Supreme Court struck down Trump’s earlier emergency tariff orders. Section 122 allows the President to impose temporary import surcharges of up to 15% for 150 days without a detailed investigation, citing balance-of-payments concerns.

What does this mean for global trade? Could India be impacted? And is this just a temporary move before more permanent tariffs return? News9’s Kartik Malhotra speaks to Barnik Chitran Maitra and Mitali Nikore to decode the legal, economic and geopolitical implications.




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