President Trump’s new 10% tariff orderFollowing the court's decision, President Trump quickly signed a new executive order. Despite the new 10% order, President Trump told reporters that India would still pay the 18% tariff agreed upon in a recent trade deal. Officials clarified that, legally, all countries with trade deals would temporarily drop to a 10% tariff rate. The United States is the largest buyer of Indian products, making these tax rates vital for the Indian economy. They will meet with US officials to get a clear answer on the exact tax rates.

Source: News 24 February 21, 2026 06:16 UTC