US court killed Indian tariff deal. Why are we paying less now?

For three weeks, India and the United States had a deal. The two countries had agreed on February 2 that the US would charge an 18 per cent tariff on Indian goods arriving at American ports. India, in return, cut its own tariffs on American products to zero. After months of pressure (rates reached 50 per cent in August 2025), commerce officials in New Delhi said the worst was over. Eighteen days later, the US Supreme Court struck down the law that made the deal possible. By Sunday morning, India was paying 15 per cent: a rate no one negotiated,…