Big blow for Trump tarriffs : Joy in Indian market ??

The US Supreme Court invalidated President Donald Trump’s sweeping tariffs imposed under a national emergency law, delivering a major blow. The case centers on tariffs imposed beginning in February 2025 under International Emergency Economic Powers Act (IEEPA), a law traditionally used to address national security threats. A decision striking down the tariffs would represent a major economic and political setback for a key initiative of Trump’s second term.