India, Feb. 21 -- Ever since the US Supreme Court struck down President Donald Trump's tariffs on Friday, there has been some confusion about how much will India have to pay to Washington.
India and the US are on the verge of finalising the text of an interim trade deal and had already announced an 18 per cent tariff on Indian goods earlier this month, down from 50 per cent previously. But the US Supreme Court's ruling has left everyone wondering whether the tariffs are now gone.
A fuming Donald Trump quickly moved to sign an order mandating a new 10 per cent tariff on imports from all countries, including India, to replace the ones struck down by the Supreme Court.
He invoked a never-used law, Section 122 of the Trade Act 1974. It giv...
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