Trump Tariffs Ruled Illegal By US Supreme Court; What It Means For India? | Trump News | US Tariffs

Описание: Trump Tariffs Ruled Illegal By US Supreme Court; What It Means For India? | Trump News | US Tariffs

U.S. Supreme Court struck down Trump’s global tariffs, affecting duties on imports worldwide. The ruling could make roughly 55% of Indian exports to the US free from 18% emergency tariff. Products that may lose the extra duty include chemicals, pharma, plastics, and machinery. India’s trade deficit with the US may change as tariff costs ease for exporters. Exporters welcomed the decision, saying it improves price competitiveness in the US. The extra 18% tariff was part of emergency powers that the court ruled unauthorised by Congress. Some India-bound products still face other base U.S. tariffs outside the struck-down levies. Firms may seek refunds of duties already paid under the invalidated tariffs. The decision is seen as a win for global free trade and predictable export rules.

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