SCOTUS Curbs Trump's Emergency Tariff Powers; Lessons for India's Judiciary

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CNBC TV18•24-02-2026, 10:12
SCOTUS Curbs Trump's Emergency Tariff Powers; Lessons for India's Judiciary
- •SCOTUS unanimously ruled against Trump's use of IEEPA to impose tariffs, upholding separation of powers.
- •The ruling stemmed from a challenge by small importers against 'Liberation Day' tariffs.
- •President Trump reacted with strong criticism and sought alternative legal authority under the Trade Act of 1974, imposing a 15% levy.
- •The decision creates uncertainty for countries like India, which could benefit from a 15% tariff, but complicates existing trade deals for others.
- •Indian courts can learn from SCOTUS's discipline, time-bound resolution, decisive rulings, and judicial independence, while also noting the importance of addressing all critical consequences.
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