The US Supreme Court's decision takes away a big cloud that's been hanging over global trade for a year now, analysts said.
Chidambaram said Trump's actions were condemned by all countries as "weaponisation of tariffs"
He said the administration would determine and announce revised tariff levels for different countries in the coming months within the limits permitted under law
Ramesh questioned the silence of PM Modi on the entire deal and said he should clarify on whether he agrees with Trump's statement that nothing changes in the trade deal with India
Skeptics warn that nuclear energy poses risks and say microreactors may not be safe or feasible and have not proved they can meet demand for a reasonable price
Shane noted that the tariffs case did not require the court to wade into the wisdom of Trump's policy or the soundness of his discretion - and may not undermine Trump's power going forward
The US Supreme Court ruled that Trump exceeded his authority by imposing tariffs under the International Emergency Economic Powers Act (IEEPA), a 1977 law intended for national emergencies
From 50% duties to a temporary 10% levy, US tariff rules on Indian goods have shifted, lowering costs for now while leaving sectoral duties and trade deal negotiations largely unchanged
The court struck down several Trump-era tariffs on Asian export giants, China, South Korea, Japan, and Taiwan, key players in tech supply chains and the global chip market
Trump admin says its tariffs help boost American manufacturers and reduce trade gap, but many US businesses have had to raise prices and adjust in other ways to offset higher costs spurred by tariffs
Iranian FM did not give specific timing for when Iran would deliver its counterproposal to Witkoff and Kushner but said a diplomatic deal could be achieved 'in a very short period of time'
Many firms cautioned that Trump could pursue other avenues to impose similar tariffs, reducing the benefit of lower levies, while tariff refunds are likely to be difficult to obtain
With the new 10% global tariff, Indian goods to the US will replace the earlier 18% tariff set under the interim trade agreement framework
The US Supreme Court's 6-3 decision striking down Donald Trump's reciprocal tariffs has put Indian-origin lawyer Neal Katyal in focus, after he successfully argued that only Congress can impose tariff
Trump administration has cautioned foreign trading partners and the business community for months that it would use alternative tools to address its trade concerns if IEEPA tariffs were struck down
Mexican and Canadian officials know that even if using IEEPA is out, the Trump administration is ready to employ other tactics to gain an edge over them
Pressure on Havana has been mounting since late last year, when US forces seized a ship carrying Venezuelan crude to Cuba
US President invokes Section 122 to impose 150-day import surcharge from February 24, citing a widening balance-of-payments deficit after Supreme Court strikes down reciprocal tariffs
Yields rose broadly following the court's decision with the rate on the benchmark 10-year note climbing to 4.10%
Trump's remarks came after the US Supreme Court ruled that he could not rely on the International Emergency Economic Powers Act to impose sweeping tariffs on imports