Trump Tariffs Cut to 10% for Indian Goods After US Supreme Court Ruling

• US Supreme Court ruling forces Trump administration to reduce tariffs on Indian goods from 25% to 10%.
• The 10% ad valorem tariff will be effective for 150 days, starting February 24 at 12:01 a.m. EST.
• The Supreme Court struck down the administration’s earlier global tariff regime in a 6-3 ruling.
• Trump criticized the justices, calling them a “disgrace to the nation” and accusing them of being swayed by “foreign interests”.
• The ruling has broader implications for executive authority in trade policy and led to positive reactions in US markets.