New Delhi, March 1 -- With some relief, the Indian market was expected to digest optimism to sign an intermediary trade deal with the US, however, the clampdown by the US Supreme Court has brought a new set of uncertainty to the global market. Firstly, the US has reset the tariff to a universal 15%, diluting India's expected relative advantage over Asian peers. Secondly, this has slowed down the process of interaction. While confusion has emerged regarding the huge refund to be paid to American corporates. Moreover, Trump is wondering about deploying norms to bring back its tariff policy, which could be difficult, though. While this week US charged India Solar imports at 126%. This had triggered consolidation at the start of the week. Yet...
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