India, Feb. 21 -- US President Donald Trump signed an executive order ending "certain tariff actions" and a proclamation to impose a "temporary import surcharge" after the country's Supreme Court struck down his sweeping tariffs, terming them "illegal". The temporary 10 per cent import duty will take effect on February 24 at 12:01 am Eastern Standard Time.

On Friday, the Supreme Court issued a strong rebuke of his use of tariffs, which he imposed on countries, often in an arbitrary manner, through simple orders posted on social media to gain leverage in diplomatic matters that were at times completely unrelated to trade. Follow live updates here.

After removing certain tariffs, the US president signed a proclamation imposing a 10 per ce...