Trump's Tariff Countermoves Cloud Business Outlook Following Court Ruling

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Trump's Tariff Countermoves Create Business Uncertainty After Court Ruling

Carry-forward of losses takes a hit: One of the biggest downsides of missing the deadline is the loss of carry-forward benefits for certain losses. Business losses, capital losses and some other deductions cannot be carried forward if the return is filed belatedly. This can raise your tax liability in future years.

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CNBC TV18•21-02-2026, 11:29

Trump's Tariff Countermoves Create Business Uncertainty After Court Ruling

•Supreme Court struck down Trump's tariffs under emergency powers law, but Trump vowed to reimpose them.
•Trump plans a new 10% tariff on all imports for 150 days and seeks other ways to impose duties.
•Businesses face prolonged uncertainty and potential court battles, with refunds for past tariffs unlikely for consumers.
•Industries like retail, tech, and agriculture expressed concerns over trade policies and higher costs.
•The ruling only affects tariffs under one law; duties on steel, furniture, and other goods remain in effect.

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टेक्सटाइल क्षेत्र के लिए ट्रंप का नया टैरिफ दांव किसी झटके से कम नहीं है.

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