https://www.taxtmi.com/news?id=71173 The Supreme Court held that the President exceeded authority in imposing sweeping tariffs; in response the President signed a Proclamation imposing a temporary import duty to address international payments problems and rebalance trade relationships, effective on a specified date for a limited period. The President stated that an interim trade framework with India remains in place, removing certain punitive tariffs on India under an Executive Order while asserting India will assume tariff obligations under the bilateral arrangement. en-us Sat, 21 Feb 2026 07:46:03 +0530 Sat, 21 Feb 2026 07:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71173 The Supreme Court held that the President exceeded authority in imposing sweeping tariffs; in response the President signed a Proclamation imposing a temporary import duty to address international payments problems and rebalance trade relationships, effective on a specified date for a limited period. The President stated that an interim trade framework with India remains in place, removing certain punitive tariffs on India under an Executive Order while asserting India will assume tariff obligations under the bilateral arrangement. News - Sat, 21 Feb 2026 07:46:03 +0530 https://www.taxtmi.com/news?id=71173