India, Feb. 23 -- The recent decision of the United States Supreme Court to strike down the use of emergency powers for imposing broad "reciprocal" tariffs marks an important development in US trade policy.
The Court held that the International Emergency Economic Powers Act did not provide clear authority for the executive branch to impose sweeping tariffs across trading partners.
This ruling narrows the scope for unilateral tariff action under emergency frameworks and has implications for ongoing trade discussions with key partners, including India.
For India-US trade, particularly in telecom, information technology, and high-technology manufacturing, the issue is one of predictability. Over the past year, the US administration had re...
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