U.S. President Donald Trump confirmed that there were no changes to the parameters of the U.S.-India trade deal announced on February 2, following the U.S. Supreme Court’s ruling on Friday (February 20, 2026) that the President’ s ‘reciprocal tariffs’ were unlawful.

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At a press conference in which he railed against the Justices who ruled against the tariffs, Mr. Trump said that he would use alternatives to impose tariffs. The Court ruled he had exceeded his authority under the International Emergency Economic Powers Act (IEEPA), the legal instrument that enabled his ‘reciprocal tariffs’ announced on April 2, 2025.

“Nothing changes. They’ll be paying tariffs, and we will not be paying tariffs,” Mr. Trump said during a press conference shortly after the Court decision was out when asked about the status of the deal with India.

“This is a reversal for what it used to be, as you know,” he said, praising Prime Minister Narendra Modi, calling him a “great gentleman”, but added,

“He was ripping us off.”

“So we made a deal with India, and it’s a fair deal now, and we are not paying tariffs to them, and they are paying tariffs. We didn’t flip,” Mr. Trump said.

The agreed terms of the deal reduce the general tariff rate for Indian goods entering the U.S. from 50% (including a 25% ‘penalty’ rate for India’ s energy trade with Russia) to 18%.

During the press conference, Mr. Trump said that he would sign into law on Friday (February 20, 2026), a broad 10% “global tariff” across the board using Section 122 of the U.S.’s Trade Act (1974) which is expected to go into effect in three days.

These tariffs are valid for a maximum of 150 days. He also emphasised that Section 232 tariffs, which are imposed on national security grounds (for example, on steel and aluminium) and Section 301 tariffs (related to ‘unfair‘ trade practices) would remain in place. The President said he was initiating 301 probes. It is, however, as yet unclear what the legal basis would be for the entire 18% tariff rate on India.

Asked by a reporter to characterise his relationship with India, Mr. Trump said it was “fantastic” and that his relationship with Mr. Modi is “great”. He quickly moved on to claim that India had stopped buying Russian oil at the U.S.’s request. Mr. Trump claimed, as he has done before on multiple occasions, that he stopped the “war” (in May 2025) between India and Pakistan “largely” by threatening each country with 200% tariffs.

‘India pulled way back from Russia at my request’: Trump

Mr. Trump’s taking credit for the ceasefire and for India purchasing less Russian oil (and earlier claims that it was altogether stopping these purchases) have been politically sensitive in India. On Friday, Mr. Trump dwelt on each of these topics in quick succession.

“India pulled out of Russia. You know, India was getting its oil from Russia, right? And they pull way back at my request, because we want to settle that horrible war where 25,000 people are dying every month,” Mr. Trump said.

”I also stopped the war between India and Pakistan,” he added, claiming that 10 planes were shot down during the conflict. Mr. Trump also claimed that the conflict was possibly going to turn into a nuclear confrontation

“I said, look, you’re [ i.e., India and Pakistan] going to fight, that’s fine, but you’re not going to do business with the United States, and you’re going to pay a 200% tariff. Each country,” he said, adding this prompted the countries to declare that they wanted to make peace.

Mr. Trump did not answer a question on whether he had plans to travel to India for the Quad Summit this year. The Summit of the group of four countries (India, the U.S., Japan and Australia) was meant to take place last year but was put on hold.

During the press conference Mr. Trump railed against some of the Justices, using terms such as “fools”, “lapdogs”, ”unpatriotic” to describe them and saying they were “disloyal to the Constitution”. He praised the minority that dissented, for instance, calling Justice Brett Kavanaugh a “genius” and saying he was “so proud of him”.

Published – February 21, 2026 04:03 am IST

President Donald Trump vowed on Friday (February 20, 2026) to impose a 10% tariff on all imports into the United States after the Supreme Court handed him a stinging rebuke by striking down his signature economic policy.

The conservative-majority top court ruled six-three that a 1977 law known as the International Emergency Economic Powers Act (IEEPA) Mr. Trump has relied on “does not authorize the president to impose tariffs.”

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Mr. Trump, who had nominated two of the justices who repudiated him, responded furiously, alleging without any evidence that the court was influenced by foreign interests.

“I’m ashamed of certain members of the court, absolutely ashamed, for not having the courage to do what’s right for our country,” Mr. Trump told reporters.

Mr. Trump said he would use a separate authority to impose a uniform tariff of 10% — after he spent the past year imposing various rates spontaneously to cajole and punish other countries.

“In order to protect our country, a president can actually charge more tariffs than I was charging in the past,” Mr. Trump said, insisting that the ruling left him “more powerful.”

Major setback

The ruling did not impact sector-specific duties Mr. Trump separately imposed on imports of steel, aluminum and various other goods. Several government probes which could lead to more sectoral tariffs remain in the works.

Still, it marked Mr. Trump’s biggest defeat at the Supreme Court since returning to the White House last year.

While Mr. Trump has long relied on tariffs as a lever for diplomatic pressure and negotiations, he made unprecedented use of emergency economic powers in his second term to slap new duties on virtually all U.S. trading partners.

These included “reciprocal” tariffs over trade practices that Washington deemed unfair, alongside separate sets of duties targeting major partners Mexico, Canada and China over illicit drug flows and immigration.

The court noted Friday (February 20, 2026) that “had Congress intended to convey the distinct and extraordinary power to impose tariffs” with IEEPA, “it would have done so expressly, as it consistently has in other tariff statutes.”

The Supreme Court’s three liberal justices joined three conservatives in Friday’s (February 20, 2026) ruling, which upheld lower court decisions that tariffs Mr. Trump imposed under IEEPA were illegal.

Mr. Trump heaped praise on Brett Kavanaugh, the only justice he nominated who voted with him. Mr. Kavanaugh was joined in his dissent by fellow conservatives Clarence Thomas and Samuel Alito.

Chief Justice John Roberts, in delivering his opinion, said “IEEPA contains no reference to tariffs or duties.”

‘Much-needed certainty’

Business groups largely cheered the ruling, with the National Retail Federation saying this “provides much-needed certainty” for American firms and manufacturers.

“We urge the lower court to ensure a seamless process to refund the tariffs to U.S. importers,” the federation said.

But the justices did not address the degree to which importers can receive refunds. This will likely be litigated.

Mr. Kavanaugh warned that this process — as acknowledged during oral arguments — could be a “mess.”

EY-Parthenon chief economist Gregory Daco told AFP the loss of IEEPA tariff revenues for the U.S. government could amount to around $140 billion.

Delighted Democratic leaders pounced on the ruling, with Senate Minority Leader Chuck Schumer lauding the outcome as a “win for the wallets” of U.S. consumers.

But top Democrat on the Senate Banking Committee Elizabeth Warren cautioned there remains “no legal mechanism for consumers and many small businesses to recoup the money they have already paid.”

The Budget Lab at Yale University estimates consumers face an average effective tariff rate of 9.1% with Friday’s (February 20, 2026) decision, down from 16.9%.

But it said this “remains the highest since 1946,” excluding 2025.

Constrained ambition

The European Union said it was studying the court ruling and will remain in close contact with the Trump administration.

Britain plans to work with the United States on how the decision affects a trade deal between both countries, while Canada said the decision affirms that Mr. Trump’s tariffs were “unjustified.”

California Governor Gavin Newsom, who is widely expected to seek the Democratic presidential nomination to succeed Mr. Trump, called for refunds to Americans over the “illegal cash grab.”

“Every dollar unlawfully taken must be refunded immediately – with interest. Cough up!”

Published – February 21, 2026 12:34 am IST