New Delhi, Feb. 21 -- With the US Supreme Court striking down President Donald Trump's sweeping tariff on its trade partners, India now faces a reduced 10% duty on its shipments to the world's biggest market.

The US had earlier this month cut import duty on most of Indian exports to 18% from the punishing rate of 50% following the announcement of a framework for interim trade deal between the two countries.

From 24th February 2026, the effective tariff will be MFN (most favoured nation) rate prevalent before reciprocal tariff plus 10%.

As reduced tariff leads to Indian exports becoming competitive in the American market, Federation of Indian Micro and Small & Medium Enterprises (FISME) has welcomed the development stating that the US S...