US Supreme Court to Rule on Trump Tariffs Today; Global Trade Impact Awaited

• The US Supreme Court is expected to deliver its verdict today on the legality of trade tariffs imposed by the Donald Trump administration.
• The ruling, anticipated around 8:30 PM IST, concerns tariffs ranging from 10-50% imposed on major economies, challenged for exceeding presidential authority.
• Market participants are closely monitoring the outcome for insights into global trade policy and its potential effects on capital flows.
• A ruling against the tariffs could trigger a short-term relief rally in Indian equities due to reduced trade uncertainty and improved global risk appetite, according to Ravi Singh of Master Capital Services Ltd.
• Trump also announced a new 25% tariff on countries doing business with Iran, a move that could significantly impact India, a major trading partner of Iran.

Why It Matters: US Supreme Court to decide on Trump tariffs today, impacting global trade and Indian markets.