Last mentioned: 7h ago
Statutory Expiration
The 150-day window for Section 122 authority expires unless renewed or modified.
Implementation Date
New 10% global tariffs officially go into effect for all trade partners.
Pax Silica Formalization
India officially joins the initiative at the India AI Impact Summit 2026.
USISPF Endorsement
The US-India Strategic Partnership Forum issues a statement welcoming the landmark step.
Executive Action
Trump signs EO for 10% global tariff under Section 122 of the Trade Act of 1974.
Supreme Court Ruling
SCOTUS rules 6-3 that using IEEPA for broad tariffs exceeds executive authority.
President Trump has signed an executive order imposing a 10% global tariff by invoking Section 122 of the Trade Act of 1974, following a landmark Supreme Court ruling that invalidated his previous use of emergency powers. The move recalibrates trade relations with key partners like India while setting up a new 150-day window of economic uncertainty.
India has officially joined the US-led Pax Silica initiative, a strategic economic security framework designed to secure semiconductor supply chains and AI infrastructure. The partnership leverages India's vast rare earth reserves and the United States' leadership in chip design to build a resilient, trusted technology ecosystem.
The Indian government has granted a one-month extension to four Russian marine insurance providers, allowing tankers to continue docking at Indian ports. This tactical move aims to preserve the flow of discounted crude oil while navigating intensifying diplomatic pressure from the United States.