Page 7 - Donald Trump

India faces reduced 10% US tariff after Trump announces new global levy

India now faces a lower tariff rate of 10 per cent, down from 18 per cent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping tariffs. In a proclamation titled 'Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems', Trump said he is imposing, for a period of 150 days, a "temporary import surcharge of 10 per cent ad valorem" on articles imported into the United States, effective February 24. Given this new tariff rate of 10 per cent, which will be applicable on countries around the world, Indian goods being imported into the US would no longer be subject to the 18 per cent tariff rate that had been decided on following the announcement of a framework for an Interim Agreement on trade between India and the US. In a major setback to Trump's pivotal economic agenda in his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice

Who is Neal Katyal, the Indian-origin lawyer behind Trump tariffs verdict

The US Supreme Court's 6-3 decision striking down Donald Trump's reciprocal tariffs has put Indian-origin lawyer Neal Katyal in focus, after he successfully argued that only Congress can impose tariff

USTR plans new Section 301 probes covering major trading partners

Trump administration has cautioned foreign trading partners and the business community for months that it would use alternative tools to address its trade concerns if IEEPA tariffs were struck down

Mexico, Canada secure exemption from 10% US levy, but USMCA risks remain

Mexican and Canadian officials know that even if using IEEPA is out, the Trump administration is ready to employ other tactics to gain an edge over them

Cuba-bound tanker carrying Russian fuels set to test Trump blockade

Pressure on Havana has been mounting since late last year, when US forces seized a ship carrying Venezuelan crude to Cuba

Trump invokes 1974 trade law to impose 10% global tariff after SC setback

US President invokes Section 122 to impose 150-day import surcharge from February 24, citing a widening balance-of-payments deficit after Supreme Court strikes down reciprocal tariffs

US Treasuries fall after Supreme Court scraps President Trump's tariffs

Yields rose broadly following the court's decision with the rate on the benchmark 10-year note climbing to 4.10%

Nothing changes in terms of trade deal with India: Donald Trump

Trump's remarks came after the US Supreme Court ruled that he could not rely on the International Emergency Economic Powers Act to impose sweeping tariffs on imports

'Exceeded authority': US Supreme Court strikes down Trump's global tariffs

The ruling came weeks after India and the US issued a joint statement towards an interim trade agreement on February 7 stating the contours of the deal

Directing govt agencies to release files on UFOs, aliens and more: Trump

US President Donald Trump said Thursday that he's directing the Pentagon and other government agencies to identify and release files related to extraterrestrials and UFOs because of "tremendous interest." Trump made the announcement in a social media post hours after he accused former President Barack Obama of disclosing "classified information" when Obama recently suggested in a podcast interview that aliens were real. Trump told reporters aboard Air Force One, "I don't know if they're real or not," and said of Obama, "I may get him out of trouble by declassifying." In a post on his social media platform Thursday night, Trump said he was directing government agencies to release files related "to alien and extraterrestrial life, unidentified aerial phenomena (UAP), and unidentified flying objects (UFOs), and any and all other information connected to these highly complex, but extremely interesting and important, matters." Obama, who made his comments in a podcast appearance over th

Trump will travel to China in late march for high-stakes meet with Xi

"I'm going to be going to China in April, that's going to be a wild one," Trump said Thursday during the first meeting of the Board of Peace in Washington

How firms can claim refunds after US Supreme Court rejected Trump's tariffs

The court did not say how the government should refund the illegal tariffs, worth an estimated $175 billion

Trump tariffs struck down: A timeline of how the trade upheaval unfolded

President Trump last year invoked emergency powers to impose sweeping tariffs on imports; A year later, the Supreme Court ruled he exceeded his authority, ending an aggressive tariff regime

Democrats claim victory for Americans as court rules Trump tariffs illegal

The US Supreme Court rejected the use of a national emergency law to justify broad tariffs on imported goods

SC ruling on Trump's tariffs: UK expects favourable US trade to continue

UK says its lowest reciprocal tariffs and close ties will safeguard its privileged trade position with the US after the Supreme Court strikes down Trump's sweeping tariffs

Trump's Iran ultimatum sets up potential attacks following IAEA meeting

The prospect of a war between the US and Iran has triggered a rise in oil prices, with Brent trading above $71 a barrel - near six-month highs - and on course for a 5% gain across the week

Trump climate health rollback may hit poor, minority areas hardest: Experts

In a stretch of Louisiana with about 170 fossil fuel and petrochemical plants, premature death is a fact of life for people living nearby. The air is so polluted and the cancer rates so high it is known as Cancer Alley. "Most adults in the area are attending two to three funerals per month," said Gary C Watson Jr, who was born and raised in St John the Baptist Parish, a majority Black community in Cancer Alley about 30 miles outside of New Orleans. His father survived cancer, but in recent years, at least five relatives have died from it. Cancer Alley is one of many patches of America - mostly minority and poor - that suffer higher levels of air pollution from fossil fuel facilities that emit tiny particles connected to higher death rates. When the federal government in 2009 targeted carbon dioxide and other greenhouse gases as a public health danger because of climate change, it led to tighter regulation of pollution and cleaner air in some communities. But this month, the Trump ..

India joins US-led 'Pax Silica' tech supply chain bloc at AI Summit

India joins US-led Pax Silica coalition at AI Summit in Delhi, strengthening cooperation on critical minerals, semiconductors and artificial intelligence supply chains

What is Pax Silica, the US-led AI supply chain bloc India joined today?

India joined Pax Silica at the AI Impact Summit in New Delhi, becoming part of a US-led push to build reliable supply chains for AI and key minerals needed for future industries

India attends 1st meet of Trump's 'Board of Peace' on Gaza as observer

Namgya Khampa, Charge d'affaires at the Indian Embassy in Washington DC, represented New Delhi at the session held at the Donald J Trump Institute of Peace