Latest Updates on Trump tariffs

A federal court on Monday rejected the Trump administration's attempt to slow the process of refunding billions of dollars' worth of tariffs the Supreme Court struck down as illegal last month. The US Court of Appeals for the Federal Circuit started the next phase in the refund process by sending it to a lower court to sort out. In a court filing Friday, Trump's Justice Department had urged the Federal Circuit to proceed cautiously and hold off for 90 days. But the judges refused. The Supreme Court ruled Feb 20 that Trump's sweeping tariffs on most countries in the world were illegal, clearing the way for the importers who paid them to seek refunds. The government had collected more than USD 130 billion from the tariffs by mid-December, and could ultimately be on the hook for refunds worth USD 175 billion, according to calculations by the Penn Wharton Budget Model. But the Supreme Court offered no guidance on refunds; its decision did not even mention them. Now the US Court of ...

The 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