India, China Gain Significantly After US Supreme Court Overturns Trump's Emergency Tariffs

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US Supreme Court Strikes Down Trump's Emergency Tariffs: India, China Among Key Beneficiaries

Prime Minister Narendra Modi and China's President Xi Jinping shake hands during the welcome ceremony of the Shanghai Cooperation Organization (SCO) summit in Tianjin. File image/AFP

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Firstpost•24-02-2026, 10:44

US Supreme Court Strikes Down Trump's Emergency Tariffs: India, China Among Key Beneficiaries

•US Supreme Court invalidates former President Donald Trump's emergency tariffs, overturning a system that reshaped global supply chains.
•The ruling states Trump exceeded authority by invoking the International Emergency Economic Powers Act (IEEPA) to impose extensive tariffs.
•India and China are primary beneficiaries, with economists projecting a decrease in weighted average tariff rates on Asian exports to the US.
•For India, sectors like engineering goods, auto components, textiles, and pharmaceuticals receive immediate relief.
•Trump warns of 'much higher' tariffs under alternative legal authorities for countries attempting to 'play games' with trade agreements.

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