Major International Development for Stock Markets in India
Major International Development for Stock Markets in India
US Supreme Court strikes down Trump Tariffs Live Updates: India’s tariffs cut from 18% to 10%
US Supreme Court Decision on Trump Global Tariffs Live Updates: In a landmark 6–3 decision, the US Supreme Court on Friday delivered a significant blow to President Donald Trump’s second-term economic agenda, ruling that the administration’s sweeping global tariffs are illegal. The court found that the International Emergency Economic Powers Act (IEEPA) of 1977 does not grant the President unilateral authority to impose broad import taxes, a power the Constitution reserves strictly for Congress.
Key developments
The ruling: Chief Justice John Roberts, writing for the majority, clarified that “regulate” does not mean “tax,” effectively overturning the “Liberation Day” tariffs that have impacted global trade since early 2025.
This will have a positive impact on Indian markets on Monday. Gift nifty is already up by 320 points.
Stock to keep on radar