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
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
The ruling came weeks after India and the US issued a joint statement towards an interim trade agreement on February 7 stating the contours of the deal
The president acted alone even though the US Constitution specifically gives the power to tax and impose tariffs to Congress
The court did not say how the government should refund the illegal tariffs, worth an estimated $175 billion
GTRI says the US Supreme Court's decision striking down Trump's global tariffs frees most Indian exports from reciprocal duties, prompting a reassessment of the new bilateral trade deal
Shares of affected companies reacted positively, including Europe's luxury brands from LVMH to Hermes and Italian luxury outerwear group Moncler, all of which rose after the ruling
The US Supreme Court rejected the use of a national emergency law to justify broad tariffs on imported goods
Shares of legacy automaker General Motors recouped some losses and were last down 0.1%, while Ford Motor was last up 1%
UK says its lowest reciprocal tariffs and close ties will safeguard its privileged trade position with the US after the Supreme Court strikes down Trump's sweeping tariffs
"We take note of the ruling by the US Supreme Court and are analysing it carefully," said the spokesperson
As the Supreme Court reviews Trump's tariffs, the US is expanding Section 232 duties that could affect $621 billion in Asian goods, raising risks for allies and rivals alike
The Supreme Court could rule on the tariffs in the coming weeks, and possibly as early as Tuesday
The Supreme Court on Tuesday appeared ready to deal another setback to transgender people and uphold state laws barring transgender girls and women from playing on school athletic teams. The court's conservative majority, which has repeatedly ruled against transgender Americans in the past year, signaled during more than three hours of arguments it would rule the state bans don't violate either the Constitution or the federal law known as Title IX, which prohibits sex discrimination in education. More than two dozen Republican-led states have adopted bans on female transgender athletes. Lower courts had ruled for the transgender athletes who challenged laws in Idaho and West Virginia. The legal fight is playing out against the backdrop of a broad effort by President Donald Trump to target transgender Americans, beginning on the first day of his second term and including the ouster of transgender people from the military and declaring that gender is immutable and determined at ...
President Donald Trump has warned that it would be a complete mess, and almost impossible for our Country to pay back the money the US has collected from his sweeping tariffs if the Supreme Court rules he doesn't have the unilateral ability to impose many of them. In a social media post on Monday, he said that if the court strikes down his tariffs: 'WE'RE SCREWED!' Trump has increasingly posted warnings on social media about the court's looming decision, including similar posts many days last week about how complicated it would be for the government to issue refunds. It may not be possible, Trump said in his post about repaying the tariffs. But, if it were, it would be Dollars that would be so large that it would take many years to figure out what number we are talking about and even, who, when, and where, to pay.
Rising US tariff threats over Russia ties are straining India's trade outlook, putting exports, investment flows and economic stability at fresh risk
This is the first time the US Supreme Court will directly rule on the legality of President Donald Trump's tariff programme
Indian equities log steepest one-day fall in over four months as US tariff uncertainty rattles markets and wipes out ₹7.7 trillion in value