The U.S. Supreme Court delivered a ruling against the use of emergency powers for global tariffs, deciding in a 6-3 vote that the International Emergency Economic Powers Act (IEEPA) of 1977 does not permit this approach. This decision creates immediate uncertainty for existing trade agreements, including those with India. Concurrently, the India AI Impact Summit concluded in New Delhi, an event described by India AI Mission CEO Abhishek Singh as a pivotal moment for artificial intelligence in the country. The summit highlighted India’s development of indigenous models like Sarvam and its goal to become a global AI hub. The event also saw a protest by Youth Congress workers against Prime Minister Narendra Modi at the Bharat Mandapam venue and was attended by international figures including Brazilian President Lula da Silva.
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