The United States Court of International Trade, in a 2-1 ruling on May 7, said the Trump administration had gone beyond the powers given by Congress under Section 122 of the Trade Act of 1974.
Referring to EEZ Rules, Singh noted that the framework is being implemented through Access Passes, with priority given to cooperative societies to promote inclusive growth.
At the same time, the US has imposed a 10% tariff on certain products from all countries through executive orders, and the government is studying its implications for Indian exports.
Analysts say the US Supreme Court’s decision to strike down reciprocal tariffs has deepened uncertainty for global exporters and importers, but is seen as a positive for New Delhi, boosting market sen ...
