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The Supreme Court voided Trump’s emergency tariffs on China and India, reducing rates and easing trade tensions ahead of a major summit.
The U.S. Supreme Court has struck down former President Trump’s emergency tariffs on Chinese and Indian goods, ruling they lacked proper legal authority, benefiting both nations with reduced trade barriers.
The decision lowers average tariffs on Chinese goods from 21% to 15% and on Indian goods from 18% to 10%, easing trade tensions ahead of a key summit between Trump and President Xi.
The ruling also removes fentanyl-related tariffs on China and levies on Canada and Mexico, reinforcing the USMCA agreement.
While the move brings temporary relief, economists note limited long-term impact on inflation or GDP, with ongoing uncertainty over future trade policy, including potential new sector-specific tariffs.
La Corte Suprema anuló los aranceles de emergencia de Trump sobre China e India, reduciendo las tasas y aliviando las tensiones comerciales antes de una importante cumbre.