FILE PHOTO: US President Donald Trump holds a “International Commerce Limitations” doc as he delivers remarks on tariffs within the Rose Backyard on the White Home in Washington, DC, US, April 2, 2025.
| Photograph Credit score:
Carlos Barria
It’s a mixture of reduction and confusion for Indian exporters following the US Supreme Court’s strike-down of US President Donald Trump’s sweeping emergency tariffs. Whereas the choice alerts a victory for commerce, business gamers are staying cautious till the complete regulatory fallout is evident.
Some commerce specialists say that India had been too hasty in concluding an interim commerce cope with the US and misplaced its bargaining energy. However, as the settlement had not been legally signed, some leverage can nonetheless be used to guard the nation’s sensitivities higher, they are saying.
“I believe this can positively have an effect on India-US BTA (bilateral commerce settlement). We have to perceive extra clearly because it’s a growing story,” stated Pankaj Chadha from EEPC.
Sanjay Jain, a textiles exporter to the US, who had been meticulously mapping the tariffs confronted by competing nations vis-a-vis India, is overwhelmed by the event. “That is chaos in brief. Allow us to see the way it performs out,” Jain stated.
“Main growth”
Chennai-based leather-based merchandise exporter Israr Ahmed famous that it was a “main growth” and he was optimistic.
The US SC determination successfully renders latest commerce offers initiated or concluded by the US with the UK, Japan, the EU, Malaysia, Indonesia, Vietnam and India one-sided and ineffective, stated Ajay Srivastava, founder, GTRI.
“Accomplice nations could now discover causes to dump these offers. Trump might try and reimpose related tariffs below Part 301 or Part 232, however these statutes require new investigations and public justification, delaying motion and alluring additional authorized challenges. Additionally, such measures can’t serve as a common enforcement instrument,” stated Srivastava.
Nevertheless, it could be troublesome for India to get out of the interim deal agreed to with the US, stated Biswajit Dhar, unbiased commerce knowledgeable.
“The entire thing goes topsy turvy now. India ought to have waited and checked out its choices.
We haven’t signed the deal. We are able to nonetheless again observe. However now we have made a political dedication with each leaders endorsing it,” Dhar stated.
India can nonetheless leverage what has occurred, if it wished to, Dhar added. “We are able to actually attempt to defend our sensitivities, particularly in agriculture, higher,” he stated.
Printed on February 20, 2026
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