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UNion finance government minister Nirmala Sitharaman reacted to the US sublime margaret court quashing chair Donald ruff’s global tariffs and his imposition of a 15% global tariff in response to the verdict, saying that it was too soon to comment on the impact of tariff changes on the Indian economy.Addressing a press conference, she said, “On the Indian economy, I think it's a bit too soon for me to comment.”ALSO READ | India, China winners; UK among losers; Europe could freeze deal: How Trump's 15% tariff affects trade orderWhile commenting on the bilateral trade deal with the United States, the finance minister said, "On the trade, particularly aside from the Indian economy in general, the Commerce Ministry is reviewing the situation and the delegation will have to take a call on when they're going to go for further negotiations. It's a bit too early for me to comment,” she said. US SC strikes down Trump's tariffs; President imposes 15% global tariffsThe US Supreme Court dealt Trump a major blow by scrapping several tariffs he had imposed during the global trade war.Only hours after the ruling, Trump declared a new 10% duty on imports entering the US from all countries starting Tuesday. He later raised it to 15% on Saturday.For India, the current 15% rate is still better than the 18% fixed in the bilateral framework announced this month and remains much lower than the 26% Liberation Day level.ALSO READ | India, US postpone interim trade deal talks; March timeline likely to get hit amid Trump tariffs rowWhat India said on the SC verdict and the latest tariffsThe Union commerce ministry said in a statement released on Saturday that it was reviewing the impact of the ruling and Trump’s later decisions.“We have noted the US Supreme Court judgement on tariffs yesterday. President Trump has also addressed a press conference in that regard. Some steps have been announced by the US Administration. We are studying all these developments for their implications,” it said.

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Will US Supreme Court tariff ruling impact Indian economy? Nirmala Sitharaman answers

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