Indian shares rise after US Supreme Court strikes down Trump tariffs; new 15% duty announcement tempers gains

[https://www.reuters.com/world/india/indian-shares-set-open-higher-after-us-supreme-court-scraps-trump-tariffs-2026-02-23/](https://www.reuters.com/world/india/indian-shares-set-open-higher-after-us-supreme-court-scraps-trump-tariffs-2026-02-23/)

The US Supreme Court ruled 6-3 on Feb 20 that IEEPA does not allow the president to impose tariffs, invalidating Trump's sweeping global import duties. Trump responded by raising a temporary tariff to 15% on all US imports.

Indian markets opened higher on relief, though the new duty limited upside. Reuters reports the rupee is expected to strengthen. India has delayed trade talks with the US due to uncertainty.
Thoughts on impacts to emerging markets, supply chains, or specific sectors/stocks?