Page 3 - Us Supreme Court

Trump's 10% global levy takes effect as US moves to rebuild tariff wall

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

Assessing impact of US Supreme Court ruling on Trump's tariffs: China

China on Monday said it is conducting a comprehensive assessment of the impact of the US Supreme Court's ruling against global tariffs imposed by President Donald Trump under an emergency powers law. The Chinese Ministry of Commerce said it has noted the Supreme Court's decision declaring illegal the US government's imposition of tariffs on trading partners under the International Emergency Economic Powers Act (IEEPA) and is evaluating its relevant content and implications. Beijing's reaction came ahead of Trump's planned visit to China from March 31 to April 2 for talks with Chinese President Xi Jinping. On Sunday, US Trade Representative Jamieson Greer said he did not expect the ruling to impact Washington's talks with China. "The purpose of this meeting with President Xi is not to fight about trade. It's to maintain stability, make sure that the Chinese are holding up their end of our deal and buying American agricultural products and Boeings and other things," Greer told ABC ..

Donald Trump raises global tariffs to 15%: What Sections 122, 232, 301 mean

US President Donald Trump has raised the global baseline tariff to 15 per cent after a court setback, using older trade laws. Here's what Sections 122, 232 and 301 mean and how they allow tariffs

SC decision against Trump tariffs raises uncertainty, but markets stay calm

The Supreme Court's ruling against US President Donald Trump's tariffs has countries like China and South Korea watching for Washington's next steps, while financial markets took the news in stride. The decision announced Friday could potentially disrupt arrangements worked out in trade negotiations since Trump announced sweeping tariffs on dozens of countries in April 2025. China's Commerce Ministry said it was conducting a "comprehensive assessment of" the ruling against the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA. "China urges the United States to lift the unilateral tariffs imposed on trading partners," an unnamed ministry spokesman said in a statement. The statement reiterated Beijing's stance that there are no winners in a trade war and that the measures Trump had announced "not only violate international economic and trade rules but also contravene domestic laws of the United States, and are not in the interests of any party," th

A 6-3 reminder to Donald Trump that trade power flows from the Congress

The US Supreme Court curbs Donald Trump's tariff powers, reaffirming congressional authority and showing how institutional checks can still restrain populist executives

Donald Trump may turn to old trade laws after Supreme Court tariff blow

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

Best of BS Opinion: US Supreme Court tariff judgement limits Trump's power

From the US Supreme Court's ruling on Trump's tariffs to India's AI ambitions and the paradox in small-cap stocks, here are the key takeaways from today's Opinion page

Tariffs run into legal troubles but will remain at core of Trump's agenda

The US Supreme Court's tariff ruling dents Donald Trump's leverage, reshaping global trade talks and placing India in a relatively stronger negotiating position

US tariff uncertainty: Auto, medtech exporters on wait-and-watch mode

Indian auto and medical device exporters adopt wait-and-watch approach as US tariff shifts and refund uncertainty cloud shipment decisions

Xi gains leverage before Trump summit after US' Supreme Court's ruling

Xi heads into Trump summit with stronger leverage after US Supreme Court strikes down emergency China tariffs, shifting trade dynamics

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 tariffs derailed: Impact on stock market, trade, dollar, gold, silver

The US Supreme Court's decision takes away a big cloud that's been hanging over global trade for a year now, analysts said.

India, Brazil discussed about US Supreme Court judgment, says MEA

Secretary (East) in the Ministry of External Affairs, P Kumaran said that there is a strong consensus among India and Brazil on UN reforms

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

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

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