Global Trade Uncertainty: US Imposes Temporary Surcharge Amid Legal Battles

Published

The international trade environment remains volatile as US President Donald Trump announced a temporary import surcharge of 10% to 15% following a Supreme Court ruling that invalidated previous sweeping duties. For Indian exporters, this represents a temporary drop from the earlier 25% reciprocal tariff, yet confusion persists as no official executive order has finalized the specific 15% rate. Experts suggest that while the 10% levy is set to take effect for 150 days, the legal validity of such a move under Section 122 of the Trade Act is questionable and could be challenged in court. Major industries, including footwear and seafood, are closely monitoring these developments to adjust their long-term supply chain strategies and landed costs.

Get in touch with us

Fill the following details and send your query to us and we will provide the support you need.

Support Center 24/7

+022 4322 4000 (25 lines) Time : 10 AM - 6 PM

Our Location

1st Floor, Old Oriental Building, 65 M.G. Road, Mumbai: 400023