Gurugram, Feb. 21 -- Indian exporters are set to receive immediate relief following the US Supreme Court's ruling on the US administration tariffs, according to Manoj Mishra, Partner at Grant Thornton Bharat.

The Supreme Court on Friday struck down a huge chunk of President Donald Trump's far-reaching tariff agenda, delivering a major rebuke of the president's key economic policy.

The majority ruled 6-3 that the law undergirding those import duties "does not authorize the President to impose tariffs."

However, in a swift response, Trump announced a sweeping new 10% global tariff across all trading partners, marking what he signaled as the next phase of his trade strategy after the Supreme Court blocked his previous tariff authority.

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