
As new US tariffs come into effect today, how India could be at an advantage
The US Supreme Court struck down Trump's emergency tariffs, but new 15% tariffs on imports have been imposed, lasting 150 days unless extended by Congress. India postponed trade talks with the US after the ruling, gaining leverage as current US tariffs on Indian goods dropped to 10%, below the previously agreed 18%. The court's decision allows India to renegotiate trade terms and seek safeguards in future agreements, while the Commerce Ministry reviews the implications.