
Indian exporters are facing uncertainty as the US Supreme Court considers the legality of President Trump's trade tariffs. The ruling, expected soon, could impact US trade policy and punitive duties already affecting Indian manufacturers, particularly in labor-intensive sectors. The decision may influence the finalization of a critical bilateral trade agreement. The tariffs, imposed under the International Emergency Economic Powers Act, have targeted various goods from India, with some levies reaching 50%. Over $133.5 billion in tariffs are subject to potential legal reversal.
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