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Gems and jewellery exporters, whose outbound shipments are valued at nearly $10 billion, have also decided to pause consignments for at least a week as they assess the evolving trade situation and await clearer policy direction.

US President Donald Trump launched a fresh attack on the Supreme Court of the United States, calling it "incompetent" and "ridiculous" after it struck.

The US has invoked Section 122 of the Trade Act to impose a 15% global tariff after the Supreme Court struck down reciprocal duties. Here's how Section 122 works, other legal options like Sections 301 and 232, and what it means for India-US trade.

India now has more room for negotiations in a trade deal with the US after the American Supreme Court ruled that Donald Trump's tariffs are illegal. T.

MUMBAI: Analysts have said the US Supreme Court striking down the reciprocal tariffs as beyond the remit of the Constitution which vests such powers with the Co

The US Supreme Court's recent decision to invalidate global tariffs has thrown a wrench in Donald Trump's economic strategy, providing a sigh of relief for some stakeholders. However, the President is undeterred and is actively pursuing other legal avenues to maintain his tariff regime. This creates a challenging political atmosphere for Republicans gearing up for the midterm elections.

Donald Trump's trade policies face limitations after a Supreme Court ruling. While he can still use tariffs for national security and unfair trade, his unpredictability as leverage is reduced. This offers India a stronger position to negotiate market access. Concluded trade deals are likely to hold. India should pursue negotiated settlements.

Former President Donald Trump asserted that a recent Supreme Court ruling has inadvertently expanded his authority to impose and utilize tariffs more aggressively. He claimed the decision grants him significantly more power and legal certainty to deploy tariffs in a "powerful and obnoxious" manner against foreign nations.

The US Commerce Department will announce a preliminary decision on imposing duties on solar cells and panels from India, Laos, and Indonesia. This action stems from a trade case filed by a US solar manufacturing group. The department will determine if these countries' companies received unfair government subsidies.

Indian exporters now face a temporary 10 percent tariff on shipments to the US for the next 150 days. This decision comes in response to a Supreme Court ruling that overturned previous tariff structures. Meanwhile, President Trump has hinted at a possible hike to 15 percent, leaving many in the Indian trade sector anxious about future stability.