SCOTUS Tariff Setback Cuts India's US Duty to 11-13%, Boosts Trade Deal Reset

• India's effective US duty drops to 11-13% from as high as 50% after Supreme Court struck down reciprocal tariffs, improving export outlook.
• The revised tariff structure aligns India with Asian peers and positions it ahead of China, with 40% of exports remaining tariff-free.
• SCOTUS decision limits US tariff leverage for trade deals, shifting focus to sectoral duties; fallout expected to be narrower than in 2025.
• Lower tariff pressure and absence of Russia oil-linked penalties strengthen India's hand for more favorable trade negotiations with the US.
• US Supreme Court ruled Trump's sweeping tariffs unlawful, exceeding presidential authority in a 6-3 verdict.