India Tariffs Cut To 10% from 18 per cent,

India now faces a reduced tariff rate of 10 per cent, down from 18 per cent, after US President Donald Trump imposed a new global levy on items imported into America following a Supreme Court verdict against his sweeping tariffs, delivering a stinging rebuke of his signature economic policy. After signing the new tariff order, Trump said on social media that it was “effective almost immediately.”

According to TV reports the new duty is slated to take effect on February 24 for 150 days, with exemptions remaining for sectors under separate probes, including pharma, and for goods entering the US under the US-Mexico-Canada agreement, according to a White House factsheet.

Trump imposed new tariffs under Section 122 of the Trade Act of 1974, which empowers the President to address certain fundamental international payment problems through surcharges and other special import restrictions.

Section 122 authorises the US president to impose temporary tariffs of up to 15 per cent for a maximum of 150 days to address what the law describes as “large and serious” US balance-of-payments deficits—situations where imports significantly exceed exports.

(UPDATED ON 21ST FEBRUARY 2026)