On February 20, the United States Supreme Court struck down the global tariffs imposed by President Donald Trump under the International Emergency Economic Powers Act (IEEPA)—a ruling that the US Constitution grants Congress, rather than the President, the authority to impose taxes and tariffs. The US Supreme Court’s decision declaring President Donald Trump’s earlier global tariff regime unconstitutional arrived only weeks after India concluded negotiations aimed at lowering reciprocal tariffs on its exports. Critical voices within the trade policy community have echoed aspects of this concern. The expected competitive advantage from reduced tariff differentials has also become less clear with the introduction of a uniform global tariff framework. Against this evolving backdrop, India’s policy posture remains fluid.

Source: The Hindu March 12, 2026 16:00 UTC