S President Donald Trump on Saturday criticised the recent decision by the US Supreme Court on tariffs, alleging that the decision could result in "ripping off" the US of billions of dollars. He hinted towards seeking for a rehearing of the case.
Union Commerce and Industry Minister Piyush Goyal on Friday said India is in a wait-and-watch mode following the U.S. Supreme Court ruling on U.S. tariffs, describing the situation as "evolving" and asserting that the government remains committed to protecting the country's interests.
The ruling of the US Supreme Court striking down tariffs imposed by US President Donald Trump under the International Emergency and Economic Powers Act (IEEPA) is likely to create winners and losers among global economies, with India, China, and Brazil emerging as beneficiaries, while the Eu
Following a ruling by the US Supreme Court striking down most of Trump's sweeping tariff measures, a spokesperson for China's Ministry of Commerce (MOFCOM) on Monday stated that China has consistently opposed unilateral tariff hikes in any form, The Global Times reported.
Congress MP Jairam Ramesh on Sunday questioned the Centre over not waiting for the United States Supreme Court's ruling on Trump tariffs before agreeing to a trade deal framework with Washington.
Former Union Minister Pawan Bansal on Sunday reacted to the US Supreme Court's order against former US President Donald Trump's tariff decisions, saying the ruling clearly defines the role of the legislature and judiciary in a democracy.
"The two sides are of the view that the proposed visit of Indian Chief Negotiator and the team be scheduled after each side has had the time to evaluate the latest developments and its implications. The meeting will be rescheduled at a mutually convenient date," sources in the Commerce Min
In a major blow to Trump's signature trade policy, the US Supreme Court on Friday ruled against most of his sweeping tariff measures. Trump later signed an order making 10 per cent global tariff on all countries, effective "almost immediately".
The Court ruled 6-3 that the administration exceeded its authority by using the International Emergency Economic Powers Act (IEEPA) of 1977 to impose broad-based import tariffs, affirming that the power to levy taxes resides primarily with Congress.
Neal Katyal, a prominent Indian-American lawyer and former Acting Solicitor General of the United States, questions Trump's 15% global tariff under Section 122, citing DOJ's past stance that trade deficits differ from balance-of-payments issues. After Supreme Court struck down earlier tar
Kumaran, while speaking at the Special Briefing by MEA on State visit of President of Brazil to India, said that it was a rather new development and both sides needed to study about it.