US Supreme Court Delays Trump Tariff Ruling, Indian Markets Under Pressure

• The US Supreme Court deferred a ruling on legal challenges to President Trump’s tariffs, extending global market uncertainty.
• Indian equities, including Sensex and Nifty, extended losses due to US tariff concerns, foreign fund outflows, and stalled India-US trade talks.
• Trump's tariffs, ranging from 10-50%, were imposed using a 1977 emergency powers law, affecting imports from China, Canada, Mexico, and India.
• Lower courts ruled Trump exceeded his authority, leading to the current appeal before the Supreme Court.
• Even if tariffs are struck down, the US administration might pursue alternative trade pressure tactics, prolonging uncertainty for Indian exports.

Why It Matters: US Supreme Court's delayed tariff ruling keeps Indian markets volatile, prolonging uncertainty for export-oriented businesses.