New Delhi, Feb. 21 -- Market veteran Deepak Shenoy on Saturday commented on the Trump tariffs and opined that the US duties are now illegal because India has not yet signed a trade deal.

In a post on X, Shenoy said that India will now face a reduced tariff of 10% after US President Donald trump signed an executive order earlier Friday (US time) to counter the Supreme Court's decision.

"Trumps tariffs now illegal, India hasn't yet signed a deal, and we go back to 10%," the Capitalmind founder said.

His comments come after Trump imposed the 10% global tariff, following the Supreme Court's verdict that the US tariff imposed by the President was illegal and went beyond his powers.

Deepak Shenoy further called the US untrustworthy, advocat...