In a significant escalation of trade tensions, the Trump administration has announced a 10% global tariff on all nations following a US Supreme Court ruling that struck down previous punitive duties. The court ruled that President Trump exceeded his authority by using emergency powers without Congressional approval. Former diplomat Prabhu Dayal noted that the ruling ‘stressed that Article 1 of the Constitution vests the power to lay and collect taxes… solely in the Congress.’ Despite the verdict, Trump asserted that the US-India trade framework remains unchanged, praising Prime Minister Modi as a ‘great man.’ Experts Siddharth Zarrabi and Dr. Ashutosh Kamal Dutta discussed the potential for India to renegotiate the 18% tariff currently in the draft agreement, especially with bilateral talks scheduled for February 23. Dr. Dutta emphasized that since the deal is not yet operational, the Indian government has ‘every right to renegotiate’ for more favourable terms. The panel highlighted the confusion in Washington as the administration navigates the legal setback while pushing for reciprocal trade measures.
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