India slams Pakistan-China joint statement on Kashmir, hits back on CPEC, Central Bank of Sri ‌Lanka raises policy rate to 8.75%, Centre approves Rs 1,427 crore for four-lane Thiruvarur bypass project in Tamil Nadu,

India trade deal intact,Trump signs 10% global tariff after SC ruling

US President Donald Trump said on Friday that most trade deals negotiated under the threat of his tariffs remained valid, mentioning specifically India, despite the Supreme Court ruling those levies illegal. "The India deal is on," Trump told reporters in response to a question, while suggesting tariffs under separate authorities would replace the ones overturned by the Supreme Court. "All the deals -- we're just going to do it a different way." Trump announced that he was imposing an extra global tariff of 10 percent on US trade partners under the Section 122, created by the 1974 Trade Act. Speaking to reporters after the Supreme Court ruled his sweeping global tariffs illegal, Trump said he would impose tariffs using alternative authorities. "The Supreme Court's decision made a president's ability to both regulate trade and impose tariffs more powerful and more crystal clear, rather than less," he said.

Trump accused the country's Supreme Court of being influenced by "foreign interests" after it ruled that his sweeping global tariffs are illegal. "It's my opinion that the court has been swayed by foreign interests," Trump said. "I won by millions of votes... but these people are obnoxious, ignorant and loud. And I think certain justices are afraid of that, they don't want to do the right thing", he said.

 


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