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US President Donald Trump has imposed a fresh 10% tariff on imports from all countries, including India, hours after the US Supreme Court struck down a key legal basis for several of his sweeping global tariffs. The move shifts the legal foundation of his trade policy rather than ending it, ensuring tariffs remain central to his economic strategy. In a 6–3 ruling, the Supreme Court held that the International Emergency Economic Powers Act (IEEPA) does not authorise the president to impose broad tariffs, invalidating duties imposed under emergency powers. The decision affects a major portion of Trump’s “reciprocal tariffs,” which…
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