US Tariffs

With the Supreme Court striking down Trump's use of IEEPA for tariffs, the former president may rely on older trade statutes to revive tariff action. Each carries implications for India

The tax now has been declared "illegal" by the US Supreme Court

The reduction of the US reciprocal tariff on India from 25 per cent to 10 per cent will significantly improve competitiveness of domestic labour-intensive sectors in the US such as pharma, electronics, engineering, textiles, and gems and jewellery. In a major setback to US President Donald Trump's pivotal economic agenda for his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the president on nations around the world were illegal and that he had exceeded his authority when he imposed the sweeping levies. Later, through a proclamation, the US announced a temporary import surcharge of 10 per cent ad valorem on articles imported into the US for 150 days from February 24. These sectors at present were facing a reciprocal tariff of 25 per cent in the US market. The US is a major export destination for these sectors and reduction of tariff will help boost exports, Federation of Indian Export Organisations (FIEO)

US President invokes Section 122 to impose 150-day import surcharge from February 24, citing a widening balance-of-payments deficit after Supreme Court strikes down reciprocal tariffs

Brazil calls for greater trade diversification to counter the negative impact of rising US tariffs

India ramps up imports from the US, pushing January shipments up 24% and steadily narrowing its trade surplus with Washington amid tariff pressures

The reduction in US tariffs and the interim trade deal framework are set to significantly boost India's export competitiveness, said Subhash C. Aggarwal

Amid political criticism, the India-US trade pact highlights how lower tariffs and deeper reforms could lift productivity and growth, if intent turns into binding change

Mahindra & Mahindra expects improved competitiveness in the US as tariffs drop to 18 per cent, plans to supply inventory from bonded warehouses

The deal shifts the US posture towards India from hostile to neutral, and that matters for growth

Creating the groundwork for shovel-ready investment would require hard work to reverse all of India's deep-seated problems

Capped DDGS imports under the India-US trade deal offer near-term relief to distillers, but larger quotas could pressure oilseed prices, farm incomes and domestic margins

Pax Silica and import commitments highlight opportunities and risks

The India-US interim trade framework signals a thaw in ties, tariff relief for exporters, protected farm interests, and a renewed push for reforms to make trade gains sustainable

An analysis by CITI of data from the US Office of Textiles and Apparel showed that US imports of textiles and apparel from India fell 31.4 per cent in November 2025 compared with November 2024

Credit reforms and Budget incentives aim to strengthen the MSME sector but persistent payment delays and global tariff uncertainties remain hurdles, reports Raghu Mohan

Goyal says first tranche of 'formal' pact by mid-March

EAM S Jaishankar meets top US leaders in Washington as India and the US welcome a new trade deal and push cooperation on critical minerals, energy and supply chains

Commerce and industry minister Piyush Goyal told Parliament that India protected key food and agriculture interests in the trade deal with the US, while both sides addressed sensitive areas

India weathered the Trump tariff shock better than expected, but high public debt and slower fiscal consolidation pose risks even as trade deals lift growth and investor sentiment