US Appeals Court Ruling on Trump’s India Tariffs: Ongoing Developments
A US federal appeals court has just ruled that President Trump’s tariffs—including the 50% duties imposed on Indian goods—are illegal, but has left them in place until October 14 while the administration appeals to the Supreme Court. India remains affected, with sectors like textiles, footwear, jewelry, and seafood facing steep levies and disrupted exports. The legal dispute centers on whether US presidents can use emergency powers to unilaterally set trade policy, as Trump did with these tariffs, or whether such authority belongs strictly to Congress.
With the US court recently declaring Trump’s tariffs on Indian goods illegal—but letting them stay for now—the big question is, how will our markets react when trading resumes?
