Latest Updates on Trump tariffs

Tariff ruling limits Trump's leverage, uncertainty stays for trade partners

US Supreme Court curbs Trump's sweeping tariff powers, but new levies and trade probes keep global partners and businesses on edge

After US SC setback, Trump may use older trade laws to revive tariff powers

With the Supreme Court striking down Trump's use of IEEPA for tariffs, the former president may rely on older trade statutes to revive tariff action. Each carries implications for India

Markets to stay volatile next week on Trump tariff decision: Analysts

Domestic macroeconomic data, monthly F&O expiry and global developments following US President Donald Trump's tariff hike after the Supreme Court verdict are likely to keep equity markets volatile next week, analysts said. Besides, the trading activity of foreign investors, developments between the US and Iran, movements in crude oil prices and global monetary signals will also guide market movement during the week, they added. "Markets are likely to remain volatile in the coming week, particularly with the monthly F&O expiry scheduled for February 24. On the domestic front, key data releases include GDP figures, government budget value, foreign exchange reserves, and infrastructure output (YoY)," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. He said investors will assess the implications around a fresh executive order by Trump which may influence trade dynamics, tariff structures, and global risk sentiment following the US Supreme Court verdict on tariffs. Trump on .

India delays trade talks after US SC rejects Trump tariffs: Report

The delay came mainly from the uncertainty over tariffs following Friday's judgment, the source added

Indian-American lawyer Neal Katyal challenges Trump's 15% global tariff

This scrutiny arises in the immediate aftermath of a landmark Supreme Court ruling that struck down most of Trump's previous sweeping tariff measures

Trump's treasured negotiating edge dulled by Supreme Court's tariff ruling

The blow comes amid a perilous stretch for White House, with Trump facing criticism over his threats to acquire Greenland, violent actions by immigration officers and the fallout from Epstein files

Trump raises global tariff to 15% from 10% day after US court's big ruling

He said the administration would determine and announce revised tariff levels for different countries in the coming months within the limits permitted under law

With tariffs ruling, US Supreme Court reasserts its power to check Trump

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

Govt studying implications of US Court tariff ruling; Trump remarks

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

Explained: What Trump's 10% global import tariff reset means for India

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

Asian economies assess impact of fresh Trump tariff moves, confusion

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

Congress calls US trade deal an 'ordeal', Rahul says PM 'compromised'

After the US Supreme Court struck down President Donald Trump's global tariffs, Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of being "compromised", saying his "betrayal" in the India-US interim trade deal stood exposed. The Congress alleged that the trade deal had become an "ordeal" for the country subjected to by the prime minister's "desperation and surrender". "The PM is compromised. His betrayal now stands exposed. He can't renegotiate. He will surrender again," Gandhi said in a post on X. This comes a day after the US Supreme Court struck down President Donald Trump's global tariffs. Congress general secretary in-charge communications Jairam Ramesh claimed that if Prime Minister Modi had not been so "desperate" to protect his "fragile image" and waited just 18 days more, Indian farmers would have been saved from the agony and distress, and Indian sovereignty would have been protected. "Yesterday after the US Supreme Court struck down his tariffs policy,

Murky outlook for business amid Trump's new moves against SC tariff verdict

Businesses face a new wave of uncertainty after the Supreme Court struck down tariffs imposed by President Donald Trump under an emergency powers law and Trump vowed to work around the ruling to keep his tariffs in place. The Trump administration says its tariffs help boost American manufacturers and reduce the trade gap. But many US businesses have had to raise prices and adjust in other ways to offset higher costs spurred by the tariffs. It remains to be seen how much relief businesses and consumers will actually get from Friday's ruling. Within hours of the court's decision, Trump pledged to use a different law to impose a 10 per cent tariff on all imports that would last 150 days, and to explore other ways to impose additional tariffs on countries he says engage in unfair trade practices. "Any boost to the economy from lowering tariffs in the near-term is likely to be partly offset by a prolonged period of uncertainty," said Michael Pearce, an economist at Oxford Economics. "Wit

For Europe Inc, US tariff relief brings unexpected trade uncertainty

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

US SC tariff verdict clouds Fed's rate path after a year of upheaval

Markets fluctuated on Friday between bets that the Fed would cut rates in June or wait until July, reflecting the complications introduced by the Supreme Court ruling

India faces reduced 10% US tariff after Trump announces new global levy

India now faces a lower tariff rate of 10 per cent, down from 18 per cent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping tariffs. In a proclamation titled 'Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems', Trump said he is imposing, for a period of 150 days, a "temporary import surcharge of 10 per cent ad valorem" on articles imported into the United States, effective February 24. Given this new tariff rate of 10 per cent, which will be applicable on countries around the world, Indian goods being imported into the US would no longer be subject to the 18 per cent tariff rate that had been decided on following the announcement of a framework for an Interim Agreement on trade between India and the US. In a major setback to Trump's pivotal economic agenda in his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice

Who is Neal Katyal, the Indian-origin lawyer behind Trump tariffs verdict

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

USTR plans new Section 301 probes covering major trading partners

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

Mexico, Canada secure exemption from 10% US levy, but USMCA risks remain

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

Trump invokes 1974 trade law to impose 10% global tariff after SC setback

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