The US Supreme Court on 20 February invalidated President Donald Trump’s sweeping tariffs imposed under a national emergency law, delivering a major blow to his trade policy, ahead of the US mid-term polls scheduled later this year. The apex court held 6-3 that the Trump administration exceeded its legal authority to impose tariffs beginning in…
Market veteran Deepak Shenoy on Saturday commented on the Trump tariffs and opined that the US duties are now illegal because India has not yet signed a trade deal. In a post on “Trump’s tariffs now illegal, India hasn’t yet signed a deal, and we go back to 10%,” the Capitalmind founder said. His comments…
The US Supreme Court’s decision on President Donald Trump’s tariff orders has dealt a major legal blow to the Trump administration. However, in the changed circumstances, US Finance Minister Scott Besant has clarified that the court has only banned the right to impose tariffs under the International Emergency Economic Powers Act (IEEPA) and not on…
Indian-American attorney Neal Katyal is the lawyer who argued against President Donald Trump’s tariffs before the US Supreme Court and came out victorious with a verdict that handed the Republican his biggest legal setback since he returned to the White House in 2025. Speaking to reporters outside of the US Supreme Court in Washington, DC,…
The political conflict regarding tariffs in America has now come to the fore on the legal front. President Donald Trump’s trade policy suffered a major setback when the Supreme Court declared his tariffs imposed under the emergency law illegal. This decision, which came with a majority of 6-3, has not only raised questions on the…
America has implemented 10% global tariff with immediate effect. A White House official has confirmed that this tariff will remain in effect until another legal authority is implemented. India will also be included among the countries paying 10% tariff under this new system. When the official was asked whether India would have to pay 10%…
Congress leader Randeep Singh Surjewala said on Saturday that the fate of the US-India trade framework is under a “serious cloud” after the US Supreme Court termed tariffs imposed by the United States under the International Emergency Economic Powers Act (IEEPA) invalid. “The fate of the US – India Trade Deal, ie, ‘Framework Agreement’, executed…
The US Supreme Court banned Donald Trump’s tariffs on February 20, 2026. That means now the tariff will not be valid on any country in the world. On this decision of the Supreme Court, Trump in the press conference described this decision as extremely disappointing and said that he is ashamed of some members of…
Gift Nifty soared more than 300 points on Friday, 20 February, following the US Supreme Court’s decision to strike down former President Donald Trump’s broad tariffs, which also sparked a rally in US stocks. The US Supreme Court rejected Trump’s attempt to use the 1977 International Emergency Economic Powers Act to impose widespread tariffs, ruling…
Senior Congress leader and MP Jairam Ramesh has praised the US Supreme Court while posting on X. He wrote, ‘Salute to the US Supreme Court, which overturned Trump’s entire tariff strategy! This decision is surprising considering its ideological structure. The 6-3 decision is decisive. The American check and balance system is still working. Hats off…
