&imwidth=800&imheight=600&format=webp&quality=medium "America's 50% tariff on India was due to Trump's 'personal' enmity? This report reveals hidden info")
US President Donald Trump's 50 per cent tariff imposition on India was a result of his “personal pique" at not being allowed to mediate in the India-Pakistan conflict, American multinational investment bank and financial services company Jefferies said in a recent report. The American multinational investment bank and financial services company Jefferies claimed that US imposed tariffs on India because Trump was not allowed to mediate in the India-Pakistan conflict.
The report further added, “tariffs are primarily the consequence of the American president’s “personal pique" that he was not allowed to play a role in seeking to end the long running acrimony between India and Pakistan".
Meanwhile, A US federal court ruled on Friday (August 29) that most of President Donald Trump's tariffs, including the 50 per cent on India, were illegal. The federal appeals court said that the American president had exceeded his authority in imposing them.
The decision marks a blow to Trump, who has wielded duties as a wide-ranging economic policy tool. Although the ruling allowed the tariffs to stay in place for now, while sent the case back to a lower court for further consideration.
Trump slams court, says 'will win in the end'
Trending Stories
)
Xi Jinping's new AI bloc: China launches 'World AI Body' with Pakistan and Russia in, India out
)
3.5-million-year-old mystery creature found in Japan is a 'giant' never seen before
&im=FitAndFill=(700,400))
Why the S-400 uses solid rocket fuel instead of liquid fuel
)
Explained: Why Rodri won the FIFA World Cup Golden Ball over Lionel Messi
)
Japan is selling a refrigerator to cool the human body for Rs 9 lakh. It is already a hit in Tokyo
)
Revealed! The hidden ritual Marc Cucurella performed before Spain won the FIFA World Cup
)
Mumbai court gives life sentences to 44 Somali pirates despite mercy plea
)
US-Iran conflicts: Houthis announce maritime blockade on Saudi Arabia, Iran attacks MQ-9 drone hangar | Gravitas
)
‘Iran can survive sanctions, but can’t truly live’: Dy FM warns of economic cost of war
)
Sonam Wangchuk's connection with George Soros and Ford Foundation explained!
)
'There is no need for...': PM Modi takes a veiled dig at Rahul Gandhi, sends big message amid Parliament March
)
‘Netanyahu will not be arrested in any way, shape, or form in US’: Trump’s counter to Mamdani
)
FACT CHECK: Was Abhijit Dipke detained during CJP's Parliament march? Here's what police say
)
UP BTech gold medalist dies by suicide after failing in nearly 50 govt job attempts, leaves note for father
)
'Could be bombed at any moment': What Iran's Araghchi told Trump envoy Witkoff during negotiations
)
Jail over Khamenei post: J&K youth returns home after 3 months in Saudi custody
)
Salman Khan breaks silence on health concerns after viral Mumbai appearance
)
'George Soros playbook': Understanding the foreign funding network around Sonam Wangchuk
)
Indus treaty can no longer function in its current form, says India; plans 5,500 mw of new J&K hydro projects
)
Trump to impose 50% tariffs on Canadian goods, escalating North America trade dispute
)
Maha CM Wife Amruta Fadnavis' Yoga Day appearance sparks social media debate over attire | Watch
&im=FitAndFill=(700,400))
2026 FIFA World Cup awards: Full list of Golden Boot, Golden Ball, Golden Glove and every major winner
)
US-Iran war: Report suggests US lost 42 aircraft, including fighter jets, reaper drones
)
JD and Usha Vance welcome fourth child: Who serves as acting US vice president during Vance's paternity leave?
)
Heavy sanctions loom over Argentine players after ugly brawl following final whistle in World Cup final
&im=FitAndFill=(700,400))
Spain World Cup victory parade in Madrid: Champions celebrate second FIFA World Cup title with over million fans
)
Truck loaded with stones, metro stations closed: What's happening at Jantar Mantar now
&im=FitAndFill=(700,400))
Why US fighter jets use seamless bubble canopies compared to Russian jets
&im=FitAndFill=(700,400))
Why the F-22’s cockpit glass is thicker than a standard fighter jet
)
Student union leaders call off hunger strike at Jantar Mantar after civil society appeal, but protest continues
)
Tulsi Gabbard's brother Batarti accused of luring children to hotel room in Hawaii
)
'What is wrong...': Anna Hazare breaks silence on Sonam Wangchuk's protest, makes an appeal to Centre
Donald Trump responded to the ruling and vowed that he would go to the Supreme Court over an appeals court ruling that most of the tariffs he has imposed on US imports, upending global trade, were illegal.
The appeals court "incorrectly" issued the ruling, but they know the United States of America will win in the end," Trump said on his Truth Social platform, adding that he would fight back "with the help of the United States Supreme Court."
