US Supreme Court Curbs Trump's Tariff Powers; India Gains Leverage
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US Supreme Court Curbs Trump's Tariff Powers; India Gains Leverage
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Firstpost•22-02-2026, 13:50
US Supreme Court Curbs Trump's Tariff Powers; India Gains Leverage
•US Supreme Court ruled President Trump overstepped authority by using IEEPA for global tariffs, with two conservative appointees joining the majority.
•Chief Justice Roberts stated IEEPA does not grant unlimited tariff powers; taxing power rests solely with Congress.
•Trump immediately signed a new executive order for a 10% global tariff under Section 122 of the Trade Act of 1974, later increasing it to 15%.
•The ruling invalidates broad tariffs from April 2025, potentially entitling importers to $130-175 billion in refunds, but does not affect sector-specific tariffs.
•India gains immediate relief and leverage for trade deal renegotiation, but faces new Section 301 investigations by USTR.
