Page 4 - Us Supreme Court

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

US Treasuries fall after Supreme Court scraps President Trump's tariffs

Yields rose broadly following the court's decision with the rate on the benchmark 10-year note climbing to 4.10%

Nothing changes in terms of trade deal with India: Donald Trump

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

'Exceeded authority': US Supreme Court strikes down Trump's global tariffs

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

Trump has other tariff options after SC strikes down his import taxes

The president acted alone even though the US Constitution specifically gives the power to tax and impose tariffs to Congress

How firms can claim refunds after US Supreme Court rejected Trump's tariffs

The court did not say how the government should refund the illegal tariffs, worth an estimated $175 billion

India must review US trade deal after SC tariff ruling, says GTRI

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

Business celebrates win over Trump tariffs, but refunds may take time

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

Democrats claim victory for Americans as court rules Trump tariffs illegal

The US Supreme Court rejected the use of a national emergency law to justify broad tariffs on imported goods

Wall Street rises after US Supreme Court rules against Trump's tariffs

Shares of legacy automaker General Motors recouped some losses and were last down 0.1%, while Ford Motor was last up 1%

SC ruling on Trump's tariffs: UK expects favourable US trade to continue

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

EU reviews US Supreme Court decision striking down Trump's tariffs

"We take note of the ruling by the US Supreme Court and are analysing it carefully," said the spokesperson

Asia faces $621 bn tariff risk as US expands national security trade curbs

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

Donald Trump may quickly replace tariffs after court action, say reports

The Supreme Court could rule on the tariffs in the coming weeks, and possibly as early as Tuesday

US SC likely to uphold state bans on transgender athletes in women's sports

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 ...

Trump says US 'in trouble' if Supreme Court overturns his tariff policy

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.