News

US Supreme Court Trump Tariffs Ruling LIVE Updates: In a significant legal setback for Donald Trump, the Supreme Court of the United States on Friday ruled 6–3 against his sweeping global tariff regime.The majority held that the statute used to justify the import duties “does not authorize the President to impose tariffs”, effectively invalidating the unilateral measures imposed on multiple countries. The court, however, did not address whether affected parties would be eligible for tariff refunds.The ruling carries broader implications for executive authority in trade policy and could reshape the legal framework governing future tariff actions.US markets reacted positively. The Dow Jones Industrial Average rose 93.81 points, or 0.2%, while the S&P 500 gained 0.3%. The tech-heavy Nasdaq Composite advanced 0.5%, supported by a 2% rise in Alphabet Inc. shares.

“It was the biggest showdown between this (Chief Justice John Roberts)-controlled court and President Trump. And finally, they said no,” according to CNN’s Chief Supreme Court analyst Joan Biskupic. “This was an easy one for the Supreme Court to say no on.” The decision, delivered in 21 pages after a 20 minute hearing, reflected a broader trend of limiting executive authority. “He, the Chief Justice, tried to really emphasize that, ‘Look, we ruled in a certain way when President Biden was in, and we’re going to rule the same way here,’” Biskupic explained. “If the president wants to assume some authority in a congressional law, that the law must state clearly that he has this authority.”

The US Supreme Court’s decision to strike down reciprocal tariffs imposed by the Trump administration has provided significant relief to Indian exporters, but over $8 billion worth of trade will continue to face higher duties under national security provisions.The ruling effectively eliminates the 18 percent reciprocal tariff agreed earlier under the India–US trade framework, bringing tariffs on most Indian goods back to Most Favoured Nation (MFN) levels, which historically averaged around 3 percent before the tariff escalation. However, Section 232 duties remain in force, covering sectors deemed critical to US national security such as steel, aluminium, automobiles, timber, copper and certain machinery products.

The Canadian government said the Supreme Court of the United States decision striking down tariffs imposed under the International Emergency Economic Powers Act reinforces Ottawa’s long-held position that such duties were “unjustified”.

In a statement, the Government of Canada said the ruling supports its argument that the IEEPA-based tariffs imposed by the United States lacked proper legal grounding.

The response adds to a series of international reactions.Union Commerce and Industry Minister Piyush Goyal said he had a “constructive virtual interaction” with the Director-General of the World Trade Organization on a range of trade-related issues.In a post on X, Goyal said the discussion covered preparations for the upcoming ministerial-level engagements. He added that the conversation provided an opportunity to exchange perspectives on current global trade developments.

Global responses are beginning to emerge after the Supreme Court of the United States ruled against former President Donald Trump’s sweeping tariff regime.

The Government of the United Kingdom said the ruling is “a matter for the US to determine” but added that it will continue to support UK businesses as further details become clear.

Meanwhile, the British Chambers of Commerce flagged potential commercial implications. The trade body said the court’s decision raises questions about how US importers may reclaim levies already paid under the tariff framework.

It also pointed to uncertainty over whether UK exporters could receive a share of any potential rebates, depending on commercial trading terms agreed with US counterparts.

Separately, the Swiss Federal Council said it acknowledges the decision of the US Supreme Court and has no further comment.

President Donald Trump said he has a “backup plan” to pursue tariffs after the Supreme Court of the United States struck down key elements of his global tariff framework, according to CNN.

In remarks following the ruling, Trump also described the court’s decision as a “disgrace”. The Supreme Court had ruled 6–3 that the International Emergency Economic Powers Act does not authorise the President to impose sweeping import duties, dealing a major blow to his trade strategy.

The court noted that “had Congress intended to convey the distinct and extraordinary power to impose tariffs” under IEEPA, “it would have done so expressly, as it consistently has in other tariff statutes.”

The Supreme Court affirmed earlier rulings by lower courts that had blocked the tariffs, agreeing that Trump exceeded his authority by invoking emergency powers to impose across-the-board levies. A federal trade court in May had already found the measures unlawful.

SCOTUS rules 6–3 against IEEPA-based tariffsIn a 6–3 ruling, the court held that the International Emergency Economic Powers Act does not authorise the President to impose sweeping import tariffs, dealing a major blow to former President Donald Trump’s trade agenda.

In its majority opinion, the court stressed that the Constitution vests the power to levy taxes, including tariffs, with Congress — not the executive branch. Chief Justice John Roberts wrote that the Framers “did not vest any part of the taxing power in the Executive Branch.”

The European Union said it has taken note of the decision by the Supreme Court of the United States and is carefully analysing its implications. An EU spokesperson indicated the bloc is assessing the potential trade and policy impact.

The Supreme Court of the United States on Friday struck down a significant portion of former President Donald Trump’s sweeping tariff agenda, ruling that the statute cited to justify the duties did not grant the President authority to impose them unilaterally.

In a 6–3 decision, the majority held that the law underpinning the import duties “does not authorize the President to impose tariffs.” Chief Justice John Roberts delivered the opinion of the court.

Justices Clarence Thomas, Samuel Alito and Brett Kavanaugh dissented.

The ruling marks a major judicial check on executive trade powers and could have far-reaching implications for the legal basis of tariff actions taken during Trump’s presidency.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.