US Supreme Court to Rule on Trump Tariffs Legality; India Awaits Clarity on Trade Policy
Business
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Moneycontrol•07-01-2026, 10:55
US Supreme Court to Rule on Trump Tariffs Legality; India Awaits Clarity on Trade Policy
- •US Supreme Court to consider legality of Trump's global tariffs on Friday, potentially impacting trade partners like India.
- •The case challenges Trump's use of a 1977 emergency powers law to impose 10-50% tariffs on imports.
- •Lower courts ruled Trump exceeded his authority; justices questioned the broad use of the emergency law.
- •Tariffs affected goods from China, Canada, Mexico, and India, justified by trade imbalances and national security.
- •India closely watches the ruling for clarity on future US trade policy and presidential tariff powers.
Why It Matters: Supreme Court ruling on Trump tariffs crucial for US trade policy and global partners like India.
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