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With the Supreme Court striking down Trump's use of IEEPA for tariffs, the president may rely on older trade statutes to revive tariff action. Each carries implications for India
The tax now has been declared "illegal" by the US Supreme Court
Updated On : 22 Feb 2026 | 11:28 PM ISTMove comes as Washington trying to figure out legalities
Updated On : 22 Feb 2026 | 11:07 PM ISTThe US Supreme Court's tariff ruling dents Donald Trump's leverage, reshaping global trade talks and placing India in a relatively stronger negotiating position
Updated On : 22 Feb 2026 | 10:27 PM ISTThe DOJ lawyers wrote that a delay wouldn't hurt companies because "monetary loss is a classic harm that can be remedied by payment of money with appropriate interest"
The IEEPA tariffs were probably already illegal under World Trade Organization (WTO) rules, as they violated the principle of equal treatment
India is closely watching US tariff moves after the Supreme Court verdict, with Goyal saying New Delhi will continue to engage Washington to preserve balance in the newly finalised interim trade deal
Exports from some EBRD countries to the United States even grew, particularly those related to the AI boom, as those countries replaced China's exports
Sensex Today| Stock Market Highlights on February 26, 2026: In the broader market, The Nifty MidCap ended 0.66 per cent higher, and the Nifty SmallCap index ended 0.01 per cent down.
Company opens largest dairy feed plant in South-Asia in Punjab today with an investment of ₹300 crore
At BS Manthan, former Niti Aayog CEO Amitabh Kant urges India to avoid knee-jerk responses to US policy shifts and focus on manufacturing scale, cost competitiveness and inclusive AI growth
The US tariff rate for some countries will go up to 15 per cent or higher from the newly-imposed 10 per cent, US Trade Representative Jamieson Greer said
Stock Market Highlights on February 25, 2026:The Nifty MidCap and the Nifty SmallCap indices ended 0.58 per cent and 0.96 per cent higher, respectively.
The British company expects savings of around 40 million euros from the reductions, with related costs of about 15 million euros
Speaking at BS Manthan, the former NITI Aayog CEO said India must lower credit and power costs, reform lending norms and build large-scale manufacturing to take advantage of global supply chain shifts
During State of the Union address, Trump described a recent Supreme Court ruling on tariffs as "unfortunate", but maintained that his tariff regime was saving and protecting the country
India to resume US trade talks after clarity on tariff regime following Supreme Court ruling on Trump-era duties
The administration announced that a 10 per cent levy would be imposed beginning Tuesday morning, which Trump subsequently threatened to increase to 15 per cent
The US Supreme Court decision on tariffs could mark the start of a new era of uncertainty
Stock Market LIVE on February 24, 2026:The Nifty MidCap and the Nifty SmallCap indices ended 0.32 per cent 0.55 per cent down, respectively
A uniform 15 per cent tariff, announced by US President Donald Trump, would benefit some Asia-Pacific economies that have faced much steeper country-specific levies, including China and much of Southeast Asia, Moody's Analytics said on Tuesday. But it will have a small impact on countries such as Japan, South Korea, and Taiwan (China), where the base rate is already 15 per cent, it said in a statement. "There is a lot of uncertainty, but we do know a few things. A uniform 15 per cent tariff would benefit some Asia-Pacific economies that have faced much steeper country-specific levies," it said. The US Supreme Court last week ruled against the Trump administration's country-specific tariffs after which Trump imposed 10 per cent tariffs on all countries for 150 days. He has also announced to increase it to 15 per cent. However, no order or proclamation has been issued so far in this regard. "The court ruling also raises questions about the recent trade deals made with India and ...
The total mcap of BSE listed companies dropped by ₹4.73 trillion to ₹4,63,79,242 crore versus the previous session's mcap of ₹46,852,324.31 crore.
Trump is applying the 10 per cent baseline levy under Section 122 of the 1974 Trade Act, which allows the president to impose the charge for 150 days without congressional approval
US stocks are falling Monday after President Donald Trump took little time to ramp up his newest tariffs, and as investors continue to punish companies that could be losers in the artificial-intelligence revolution. The S&P 500 sank 0.8 per cent after Trump said on Saturday that he would place temporary 15 per cent tariffs on other countries. That's up from the 10 per cent rate he had announced Friday in response to a Supreme Court ruling that struck down his sweeping "reciprocal" taxes on imports from around the world. The Dow Jones Industrial Average was down 659 points, or 1.3 per cent, as of 1:25 pm. Eastern time, and the Nasdaq composite was 0.9 per cent lower. Trump's quick shift toward more aggressive tariffs shows how much uncertainty still hangs over the global economy, even after the Supreme Court said the president lacked the legal authority to institute his sweeping "reciprocal" tariffs. Beyond a 15 per cent tariff that could last for up to 150 days, unless Congress ...