The US Supreme Court just handed Trump a legal defeat and it barely slowed him down. In a landmark ruling, the court struck down tariffs imposed under emergency economic powers, only for the White House to pivot instantly to alternative legal pathways. For India, caught just before a trade deal that had finally brought some clarity, the timing couldn't be worse. Host Anirban Chowdhury talks to Bipin Sapra, Partner and Indirect Tax Policy Leader, EY India about an 18% tariff rate that once looked certain is now up in the air. Tax structures, transfer pricing, corporate margins all recalibrating in real time. As one expert puts it bluntly: wait, watch, and don't sign anything just yet. You can follow Anirban Chowdhury on his social media: X and LinkedinCheck out other interesting episodes like: How Will a Volatile ₹ Impact You in 2026?, How Quick Commerce is Triggering a Health Crisis for Gen Z, India’s Labour Law Reboot, Viral to Valuation: Building Women’s Cricket as a Brand and much more.Catch the latest episode of ‘The Morning Brief’ on The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.See omnystudio.com/listener for privacy information.