Trump's Tariff Reset: US Supreme Court Ruling Shifts Global Trade, India Gains

• US Supreme Court struck down Trump's emergency tariffs, leading to a new 10-15% global levy.
• The ruling invalidated tariffs up to 50%, forcing Trump to use a different law with a 15% cap.
• India stands to gain significantly as its effective tariff exposure drops sharply from high reciprocal duties.
• Key Indian sectors like pharmaceuticals and electronics remain exempt, boosting competitiveness.
• The new 15% tariff is temporary (150 days) and sets the stage for future Section 301 investigations.