However, Mr. Trump soon announced that the U.S. would impose a temporary 150-day 10% baseline tariff on all imports from February 24 under Section 122 of the Trade Act of 1974. “We have noted the U.S. Supreme Court judgement on tariffs yesterday,” the statement said, adding, “President Trump has also addressed a press conference in that regard. Under the Section 232 tariffs, the U.S. has imposed a 50% tariff on imports of steel and aluminium. These tariffs will remain, and data shows they could continue to have an impact on India. ‘De minimis’ tariffs also still remainIn August 2025, the U.S. suspended the ‘de minimis’ exemptions, which had granted imports of items valued at less than $800 per person per day.

Source: The Hindu February 21, 2026 12:00 UTC