Trump made the remarks during a news conference at the White House last night, hours after the US Supreme Court struck down his sweeping tariff measures. He said the trade arrangement with India is moving forward and there is no alteration in the agreement.
Earlier this month, Trump issued an Executive Order removing the 25 per cent punitive tariffs imposed on India. Under the trade agreement, Washington will apply a reduced tariff rate on Indian goods, bringing the earlier 25 per cent tariff down to 18 per cent.
Meanwhile, a White House official clarified that the tariff applicable to India will temporarily decline to 10 per cent following Trump’s announcement of a new global tariff framework. The revised tariff structure will replace the earlier duties imposed under the International Emergency Economic Powers Act, which were struck down by the Supreme Court.
The White House clarification indicated that the newly announced 10 per cent global tariff under Section 122 will not be imposed in addition to the previous IEEPA-based tariffs on India, but will replace them temporarily. The administration confirmed that the applicable tariff rate for India will stand at 10 per cent under the new Section 122 authority for the time being.
The latest adjustment follows legal restrictions imposed by the US court and reflects the administration’s stated approach of continuing tariff measures through alternative legal mechanisms.
In India, the External Affairs Ministry stated that both India and the United States are working towards finalising a mutually beneficial trade agreement in line with the Joint Statement adopted recently. Addressing the media in New Delhi, Ministry spokesperson Randhir Jaiswal said that an Indian delegation led by the chief negotiator will visit the United States next week.
The developments highlight continued efforts by both countries to advance bilateral trade relations despite legal challenges surrounding US tariff policies, with negotiations expected to play a key role in shaping the future economic partnership between India and the United States.
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