SCOTUS tariff setback cuts India’s effective US duty to 11-13%, strengthens hand for trade deal reset: Emkay

The US Supreme Court’s decision to void sweeping reciprocal tariffs lowers India’s effective duty to 11–13%, improves its position versus China and opens the door for a more favourable trade deal with Washington, says Emkay. By Ajay Vaishnav India’s export outlook to the United States (US) has improved after the Supreme Court struck down sweeping reciprocal tariffs, with nearly 55% of shipments now set to face a 15% duty compared with as high as 50% earlier, lowering the effective tariff burden to an estimated 11–13%, according to an Emkay report. The revised structure places India broadly in line with Asian…