India, China among winners after US court blocked Trump tariffs
Countries hit hardest by former President Donald Trump’s tariffs are now emerging as winners after the US Supreme Court struck down his emergency levies. China, India, and Brazil, among others, will see lower tariff rates for shipments to the US. While Trump had planned a 15% global tariff, economists calculate the effective rate will average about 12%, the lowest since the initial “Liberation Day” tariffs in April.