The Economic Times

US tariffs on India reset to 10% after Supreme Court ruling: How did duties swing from 26% to 50% and back?

US President Donald Trump introduced a new 10% global tariff. This move followed a Supreme Court decision invalidating emergency powers used for previous tariffs. India's tariffs have fluctuated significantly, reaching 50% before an interim deal reduced them. The current 10% global rate applies universally, pending further bilateral agreements.