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Informist, Saturday, Feb. 21, 2026

 

MUMBAI – US President Donald J. Trump announced an additional 10% tariff on all countries, according to the his post on social media platform Truth Social. Trump said he was ordering new tariffs under Section 122 of the Trade Act of 1974. Trump's move comes after the US Supreme Court Friday struck down most of his tariffs, noting that he exceeded his authority in imposing sweeping import duties on nearly all of Washington's trading partners. In a 6–3 decision, the conservative-majority court held that the International Emergency Economic Powers Act "does not authorise the President to impose tariffs," effectively blocking the use of the law to justify such trade measures. 

 

"It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately," Trump posted Saturday. However, The White House fact sheet said that the "temporary import duty will take effect February 24 at 12:01 a.m. eastern standard time (1031 IST)".

 

"Some goods will not be subject to the temporary import duty because of the needs of the US economy or in order to ensure the duty more effectively addresses the fundamental international payments problems facing the United States," according to the White House fact sheet. These goods include certain critical minerals, metals used in currency and bullion, energy, and energy products, natural resources and fertilizers that cannot be grown, mined, or otherwise produced in the US or grown, mined, or otherwise produced in sufficient quantities to meet domestic demand.

 

Agricultural products including beef, tomatoes, and oranges are also not subject to the temporary import duty. Pharmaceuticals, pharmaceutical ingredients, certain electronics, passenger vehicles, certain light trucks, certain medium and heavy-duty vehicles, buses, and certain parts of passenger vehicles, light trucks, heavy-duty vehicles, and buses; certain aerospace products; and informational materials, donations, and accompanied baggage, also do not attract this import duty.

 

Commenting about India-US trade agreement that was being finalised at a press conference after announcing the additional duty on all countries, Trump said, "...nothing changes. They'll be paying tariffs and we will not be paying tariffs... the India deal is on."

 

 

 

Under the proposed India-US trade deal announced earlier this month, Washington has agreed to cut reciprocal tariffs on Indian goods to 18% and scrap the 25% punitive tariffs. The Trump administration had imposed a 25% reciprocal tariffs on Indian goods and a 25% punitive tariff for New Delhi's energy ties with Russia.

 

The judgment does not affect sector-specific tariffs that Trump has imposed separately on imports such as steel, aluminium and other goods. Investigations that could eventually result in additional sector-based tariffs are still underway.  End

 

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by J. Navya Sruthi

Edited by Akul Nishant Akhoury

 

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