CLAT GurukulSamudraManthan

Topic 073 · Answers

India-US Interim Trade Framework and Tariff Tools

All 10 answers, each with its Book 1 RATNA fact. Try the questions first

  1. Question 1Answer C

    The 6 February 2026 interim framework cut US tariffs on Indian goods from 50 per cent to what?

    • 10 per cent
    • 30 per cent
    • Correct answer: 18 per cent
    • 25 per cent

    Core Trigger: On 6 February 2026 India and the US announced an interim framework cutting US tariffs on Indian goods from 50% to 18%.From Book 1 RATNA, topic 073, point 1

  2. Question 2Answer B

    India signalled intent to buy how much US goods?

    • $250 billion
    • Correct answer: $500 billion
    • $100 billion
    • $750 billion

    Terms: India agreed to cut tariffs on US industrial and many farm goods and signalled intent to buy $500 billion of US goods.From Book 1 RATNA, topic 073, point 2

  3. Question 3Answer B

    Who held talks with EAM Jaishankar in Mumbai on 20 October 2026?

    • Jamieson Greer
    • Correct answer: Marco Rubio
    • Scott Bessent
    • Pete Hegseth

    Current Head: Marco Rubio, US Secretary of State, and EAM S. Jaishankar held talks in Mumbai on 20 October 2026.From Book 1 RATNA, topic 073, point 3

  4. Question 4Answer B

    Which of the statements is/are correct? 1. Section 301 probes target excess capacity and forced labour. 2. India says its law meets ILO standards.

    • Only 1
    • Correct answer: Both 1 and 2
    • Only 2
    • Neither

    Key Term: Section 301 probes target excess capacity and forced labour; India says its law meets ILO standards.From Book 1 RATNA, topic 073, point 4

  5. Question 5Answer B

    By what margin did the Supreme Court rule on 20 February 2026 that IEEPA authorises no tariffs?

    • 7-2
    • Correct answer: 6-3
    • 5-4
    • 9-0

    Data: The Supreme Court ruled 6-3 on 20 February 2026 in Learning Resources v. Trump that IEEPA authorises no tariffs.From Book 1 RATNA, topic 073, point 5

  6. Question 6Answer A

    Which of the statements is/are correct? 1. A temporary global Section 122 tariff of 10 per cent followed from 24 February 2026. 2. The temporary tariff was 25 per cent.

    • Correct answer: Only 1
    • Only 2
    • Both 1 and 2
    • Neither

    Stakeholders: A temporary global Section 122 tariff of 10% followed from 24 February 2026.From Book 1 RATNA, topic 073, point 6

  7. Question 7Answer D

    Learning Resources v. Trump was decided by a court sitting in which city?

    • New York
    • Chicago
    • Philadelphia
    • Correct answer: Washington, D.C.

    Venue: The ruling came from the US Supreme Court, Washington, D.C.From Book 1 RATNA, topic 073, point 8

  8. Question 8Answer C

    In which year was IEEPA enacted?

    • 1988
    • 1971
    • Correct answer: 1977
    • 1974

    Founded: IEEPA, the International Emergency Economic Powers Act, dates from 1977.From Book 1 RATNA, topic 073, point 9

  9. Question 9Answer A

    Learning Resources v. Trump held that 'regulate importation' excludes which power?

    • Correct answer: Taxing power
    • Quota power
    • Licensing power
    • Embargo power

    Landmark: Learning Resources v. Trump (2026) vacated IEEPA tariffs; 'regulate importation' excludes taxing power.From Book 1 RATNA, topic 073, point 10

  10. Question 10Answer D

    Under Article I, Section 8 of the US Constitution, who holds the power to lay duties?

    • The Supreme Court
    • The President
    • The Trade Representative
    • Correct answer: Congress

    Doctrine: Under Article I, Section 8 of the US Constitution, Congress, not the President, holds the power to lay duties.From Book 1 RATNA, topic 073, point 12

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