Washington DC, Feb. 21 -- The US administration has imposed a 10 per cent ad valorem import duty on articles imported into the United States, after the Supreme Court struck down the reciprocal tariffs imposed by them under the IEEPA, terming them as illegal.

The temporary 10 per cent import duty will take effect February 24 at 12:01 a.m. eastern standard time.

Some goods will however 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.

Today, President Donald Trump signed a Proclamation imposing a temporary import duty to address fundamental international payments problems and...