US-India

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The US Supreme Court has ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs. This decision eliminates the reciprocal tariffs imposed so far, but it is not a reversal of US trade policy. For India, the importance of recent trade deals has increased.

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Following the US Supreme Court's ruling against President Trump's IEEPA tariffs, his subsequent 15% global tariffs under alternative authority provide India new leverage in US trade talks, potentially aligning with its India-EU FTA ambitions.

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