President Donald Trump has announced a 10% ad valorem tariff on all imports into the United States, following the Supreme Court of the United States striking down his earlier global tariff regime in a 6–3 ruling. The new tariffs will take effect from February 24 at 12:01 a.m. EST and remain in place for 150 days.
The Supreme Court had ruled that the statute previously used to justify unilateral tariffs “does not authorize the President to impose tariffs,” effectively invalidating the earlier measures. The decision, however, did not address whether importers would be eligible for refunds, leaving the matter to lower courts.
In response, Trump cited at least three federal statutes to justify the new duties, including Section 122 of the Trade Act of 1974, which allows the president to impose surcharges or quotas to address “large and serious” balance-of-payments deficits. “I don’t need to ask Congress to take additional action on tariffs,” Trump said in his first press conference following the ruling.
For India, the revised tariff regime is effectively a boon. Goods previously subject to a 25% reciprocal duty will now face a 10% levy, as the previously agreed 18% rate had not been formally notified. Indian government sources confirmed that the change results in a direct reduction in U.S. tariffs on Indian imports, under the latest White House notification.
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Markets responded positively to the announcement. The S&P 500 jumped 0.69%, the Nasdaq Composite rose 0.9%, and the Dow Jones Industrial Average gained 230.81 points. Analysts suggest that the measure, while a show of executive authority, is unlikely to trigger broad global tariff escalation. “I don’t think the 10% will apply to Canada and Mexico, two of our biggest trading partners,” said Andy Laperriere, Head of US Policy at Piper Sandler Companies.
Trump also indicated plans for further investigations under Sections 301 and 232, previously used to impose duties on Chinese exports, automobiles, and metals. Meanwhile, the president criticized the Supreme Court justices, calling them a “disgrace to the nation” and accusing them of being influenced by “foreign interests and small political movements.”
The ruling and the new tariffs carry broad implications for U.S. trade policy and executive authority. Observers note that affected importers may seek refunds estimated at up to $170 billion, more than half of the revenue collected from prior tariffs.
As the temporary 10% levy comes into effect, both markets and trading partners will be watching closely to gauge the long-term impact on U.S.-India trade and global commerce.
