Current Affairs · International Trade
Consider the following statements regarding recent developments in U.S.-India trade relations: I. The U.S. Court of International Trade (CIT) ruled that global tariffs imposed by the Trump administration exceeded legal authority and misused 'national emergency' powers. II. India withdrew its WTO case against the U.S. steel and aluminium tariffs based on a mutually agreed solution in 2023. III. The proposed OBBB Act in the U.S. aims to restrict remittances from the U.S. and grant executive immunity from enforcement of judicial orders. IV. India has permanently suspended its digital services tax on foreign companies following U.S. trade pressure. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1I, II, and III only
- 2I, II, and IV only
- 3II and IV only
- 4I and II only✓
Correct answer
I and II only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice International Trade MCQs →Want more practice questions on International Trade?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · International Trade