The tariff regime governing Indian exports to the United States is expected to undergo another change, leaving exporters grappling with a moving target. After touching as high as 50 percent in August, the effective tariff on most Indian goods has now reverted to Most Favoured Nation (MFN) levels of around 3 percent following a US Supreme Court ruling. Though a temporary 10 percent global tariff is set to once again complicate the picture. “The new global 10% tariff will come into place soon, within three days,” US President Donald Trump said on February 21. For India, the US President indicated that the framework stands as of now.