India, Feb. 21 -- US President Donald Trump moved swiftly on Friday to replace tariffs struck down by the country's Supreme Court with a temporary 10 per cent global import duty for 150 days.
Trump's new executive order came just hours after a full nine-judge bench of the US Supreme Court ruled, in a 6-3 split verdict, that the tariffs imposed by his administration under the International Emergency Economic Powers Act of 1977 were an overreach of authority.
Trump signed executive orders late on Friday to impose new tariffs starting on Tuesday under Section 122 of the Trade Act of 1974, partly replacing tariffs of 10 per cent to 50 per cent under the IEEPA. He also ordered new investigations under other laws that could allow him to reimp...
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