The pressure on Indian exporters is expected to ease after the landmark ruling by the US Supreme Court on Friday striking down tariffs imposed under emergency economic powers. However, the benefits are likely to unfold gradually rather than deliver immediate windfalls. India, one of America’s largest trading partners, exported goods worth over $86 billion to the United States in 2024-25. However, over the past year, a large share of this trade faced headwinds after the Trump administration imposed sweeping reciprocal tariffs under the International Emergency Economic Powers Act (IEEPA).