Indian Exports To Face 10% US Tariff For 150 Days After SC Verdict; Exporters Wary Of Possible 15% Hike

In a significant move affecting international trade, the Supreme Court of the United States upheld a recent decision that allows President Donald Trump to impose a 10% tariff on imports from various countries, including India. This tariff will be effective for a duration of 150 days, starting from February 24. The ruling has raised concerns among Indian exporters, who fear that this initial tariff could be a prelude to a potential increase to 15%. The decision comes at a time when Indian exports are already under pressure due to global economic uncertainties and trade tensions. Exporters are particularly worried about the impact of these tariffs on their competitiveness in the U.S. market, which is a vital destination for Indian goods. The government and industry stakeholders are closely monitoring the situation, as the outcome could significantly influence export strategies and economic relations between India and the United States. As the tariffs loom, Indian businesses are urged to prepare for potential price hikes and adjust their operations accordingly in response to the changing trade landscape.