Trump's Tariff Decision Stalled by US Supreme Court; Future Unclear

• The US Supreme Court did not issue a ruling on the legality of Trump's tariff decisions today, deferring the highly anticipated verdict.
• The case challenges the Trump administration's use of the IEEPA to impose broad tariffs, with critics arguing the President lacks explicit authority.
• Predictions from the American betting market suggest the Supreme Court might rule against Trump, citing the Constitution's allocation of tariff power to Congress.
• Experts believe a ruling against tariffs would offer only short-term relief, as Trump could pursue alternative legal avenues like Section 122 for new tariffs.
• A delay could benefit India and global de-escalation efforts, but market analysts anticipate limited long-term impact on overall market trends.

Why It Matters: US Supreme Court delays decision on Trump's tariffs, creating uncertainty but potentially offering short-term relief.