US Supreme Court Blocks Trump’s Tariffs скачать в хорошем качестве

US Supreme Court Blocks Trump’s Tariffs

What the WTO couldn’t stop… the US Supreme Court just did. US Supreme Court Blocks Trump’s Tariffs In a 6–3 ruling, the Supreme Court of the United States held that former President Donald Trump cannot impose sweeping global tariffs under the International Emergency Economic Powers Act (IEEPA). 📌 Why did the Court intervene? Because the Constitution assigns tariff powers to Congress, not the President — making this a major assertion of separation of powers. After the setback, the administration shifted strategy and invoked the Trade Act of 1974, imposing a 10% global tariff under Section 122. ⚠️ But there’s a limitation: • Import surcharges capped at 15% • Valid only for 150 days • Intended mainly for balance-of-payments crises 🌍 Why this matters for India Uncertainty over tariff levels could affect: • Export competitiveness • Trade negotiations • Global supply chains 📘 Bigger takeaway: When multilateral institutions struggle, domestic constitutional courts can still check executive power in global trade politics. This is a classic example of: GS Paper 2 – Separation of powers, global trade governance, India–US relations #USTrade #SupremeCourt #GlobalTrade #SeparationOfPowers #IndiaUSRelations #UPSCShorts #CurrentAffairs