US Supreme Court Scraps Trump Tariffs; Trump Announces New 10% Global Tariffs; India Levy Now At 10%

Описание: The U.S. Supreme Court struck down on Friday President Donald Trump's sweeping tariffs that he pursued under ​a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy.

The justices, in a 6-3 ruling, ‌upheld a lower court's decision that the Republican president's use of this 1977 law exceeded his authority. The Supreme Court reached its ​conclusion in a legal challenge by businesses affected by the tariffs and 12 U.S. states, most of them Democratic-governed, against Mr. Trump's unprecedented use of this ⁠law to unilaterally impose the import taxes.

In a strong retailation, President Trump has imposed a new 10% global tariff to replace ones struck down by the Supreme Court, calling the ruling "terrible" and lambasting the justices who rejected his trade policy as "fools".

Trump has said the India-US tariff arrangement, as per the trade deal, will remain intact. However, the White House has clarified that Indian goods will be charged 10% tariff for now.

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