US President Donald Trump strongly defended his economic policies in his State of the Union address to the joint session of Congress. He claimed that tariffs (import duties) from many countries will over time replace the modern income tax system, thereby reducing the huge financial burden on American citizens. Countries that looted us are now…
US President Donald Trump said on Wednesday that he believed the tariffs paid by foreign countries would, as in the past, largely replace the current income tax system, thereby easing the significant financial burden on the people he cares about. “As time goes by, I believe that tariffs, paid for by foreign countries, will, like…
US President Donald Trump, through his social media Truth Social post on Monday, 23 February 2026, threatened foreign nations that if they side with the US Supreme Court judgment, they will potentially face higher tariffs on goods imported to the United States. In his post, Donald Trump said that any country which has allegedly ripped…
Precious metals — gold and silver — were trading with healthy gains in Monday’s session, as the US Supreme Court ruling against President Donald Trump’s tariffs lowered demand for the US dollar, making dollar-priced commodities more attractive for overseas investors. The April futures contract on Comex jumped $140 per troy ounce to a day’s high…
The Indian rupee eked out a gain versus the dollar on Monday, as hedging interest from importers and upcoming maturities in forward contracts undercut most of an early advance driven by positive sentiment after the US Supreme Court’s ruling on tariffs. The rupee ended at 90.8825 per US dollar, up 0.1% on the day. The…
Asian markets today advanced despite ongoing tariff uncertainty, after US President Donald Trump said over the weekend that global tariffs would be raised to 15% from 10%. The announcement followed a ruling by the US Supreme Court striking down a significant portion of the administration’s trade measures under the International Emergency Economic Powers Act (IEEPA)….
The decision of global tariff imposed by US President Donald Trump was canceled by the Supreme Court on Friday i.e. 20th February. This order of the Supreme Court is being seen as a big blow to the Trump administration. Trump’s first reaction upon receiving the news of the court’s tariff decision was extremely angry. He…
(Bloomberg) — Emerging-market assets got a boost after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs, with currencies erasing weekly losses and an exchange-traded fund hitting a record high. An MSCI Inc. A gauge of developing-nation currencies rose less than 0.1% on Friday, holding gains after Trump touted alternatives to his…
Governments around the world reacted with caution after the US Supreme Court invalidated President Donald Trump’s broad emergency tariffs, with some reaffirming existing agreements and others taking a wait-and-see approach to evaluate his next steps. South Korea said the ruling voids the 15% “reciprocal” tariff currently applied to its goods, while adding that it would…
The Indian government has issued a statement regarding the decision related to tariffs given by the US Supreme Court on Friday. It has been said that India is closely studying the development and impact of that decision of the US Supreme Court. The Supreme Court of America canceled the decision of US President Donald Trump…
