Trump’s tariff defeat: India and China big winners; US allies pay the price

 India emerges a key beneficiary as the US Supreme Court struck down President Trump’s emergency tariffs. This ruling injects leverage into ongoing trade talks, potentially allowing New Delhi to secure better terms. While offering temporary relief, the shift to a new tariff framework signals a complex period for global exporters and US trade policy. UK has been the biggest loser among the US allies. India emerges a key beneficiary as the US Supreme Court struck down President Trump’s emergency tariffs. This ruling injects leverage into ongoing trade talks, potentially allowing New Delhi to secure better terms. While offering temporary relief, the shift to a new tariff framework signals a complex period for global exporters and US trade policy. UK has been the biggest loser among the US allies.