Last mentioned: 8h ago
Surcharge Expiration
The 150-day temporary surcharge period under Section 122 is set to expire unless renewed or replaced.
Tariff Implementation
The 10% global tariff officially takes effect for all trade partners.
Implementation Phase
Anticipated start of joint working groups on semiconductor design and critical mineral extraction standards.
Pax Silica Formalization
India officially joins the initiative during the India AI Impact Summit in the presence of high-level US and Indian officials.
USISPF Endorsement
The US-India Strategic Partnership Forum issues a statement welcoming the move as a landmark step for economic security.
Supreme Court Ruling
SC rules 6-3 that IEEPA does not authorize the President to levy duties.
Executive Order Signed
Trump signs new order invoking Section 122 of the Trade Act of 1974.
Following a Supreme Court ruling that struck down the use of emergency powers for trade levies, President Trump has invoked Section 122 of the Trade Act of 1974 to impose a 10% global tariff. The move recalibrates trade costs for partners like India and introduces a 150-day window of heightened supply chain volatility.
India has officially joined the U.S.-led Pax Silica initiative, a strategic framework designed to secure semiconductor and AI supply chains. The partnership leverages India's vast rare earth reserves and U.S. technological leadership to build a resilient, trusted ecosystem for critical minerals and high-end manufacturing.
India is aggressively scaling high-tech e-waste recycling infrastructure to extract critical minerals like lithium and cobalt from discarded batteries. This strategic shift aims to reduce geopolitical import dependency and secure domestic supply chains for the electric vehicle and semiconductor sectors.