Trump Tariff Decision Tonight: Will Markets Soar or Decline?

• A crucial decision on Trump tariffs is expected from the US Supreme Court tonight, impacting global stock markets including India.
• The Supreme Court will rule on whether the US President has the authority to impose tariffs under the IEEPA law.
• Critics argue the President lacks explicit constitutional or legal power for such broad tariffs, especially without a genuine economic emergency.
• If the decision goes against Trump, the US might have to refund billions in collected tariffs, primarily affecting India and China.
• A ruling against Trump could lead to a short-term rally in Indian markets, as it might limit future tariff impositions.

Why It Matters: The US Supreme Court's decision on Trump tariffs tonight will significantly influence global markets and trade policies.