The US Supreme Court's ruling has created uncertainty around the tariff rates, with the administration exploring alternative legal routes. US Supreme Court ruling creates uncertaintyThe US Supreme Court's ruling has created uncertainty around the tariff rates, with the administration exploring alternative legal routes. Tariff rates and implicationsTariffs on Indian goods had soared to 50% before falling to 25% in early February, with a further drop to 18% committed by the Americans. Reports have since indicated that Section 338 could also be used, allowing Trump to impose up to 50% tariff rates under the Tariff Act of 1930. "We have noted the US Supreme Court judgement on tariffs yesterday.
