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Global Business News

The Economic Times

Global Business / The Economic Times

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India, China among winners after US court blocked Trump tariffs

Countries hit hardest by former President Donald Trumps tariffs are now emerging as winners after the US Supreme Court struck down his emergency levies. China, India, and Brazil, among others, will see lower tariff rates for shipments to the US. While Trump had planned a 15% global tariff, economists calculate the effective rate will average about 12%, the lowest since the initial Liberation Day tariffs in April.

23 Feb 2026 7:40 am