Representative image / AI/IANS
The White House has clarified that India will face a 10 percent tariff temporarily following U.S. President Donald Trump's announcement of a new global tariff order, replacing the earlier International Emergency Economic Powers Act (IEEPA)-based duties that were struck down by the Supreme Court.
"The 10 percent would replace the IEEPA tariffs (50 U.S.C. 1701 et seq.) that were just struck down," a White House official told IANS on Feb. 20 afternoon.
Early this month, Trump reduced the reciprocal tariff on India from 25 to 18 percent after the two countries reached a framework for an interim agreement on reciprocal trade.
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