The US Supreme Court has struck down President Donald Trump’s sweeping tariffs, ruling that he exceeded his executive authority and requires congressional approval. In a defiant response, Trump announced 10% additional tariffs on all nations globally using powers under Section 122 of the 1974 Trade Act. He criticized the judiciary, calling the justices a ‘disgrace’ and the decision ‘unpatriotic’. Despite the legal setback, Trump claimed the US-India trade deal remains unchanged and praised Prime Minister Narendra Modi as a ‘fantastic man’. The new 10% tariffs are reportedly temporary for five months while the administration launches further investigations under Section 302. Meanwhile, Senator Lindsey Graham is reportedly prepared with a bill supported by 80 senators to grant the President broader tariff-imposing powers. The ruling has sent shockwaves through global markets as the administration seeks alternative legal avenues to maintain its trade agenda.
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