US Supreme Court Delays Tariff Ruling on Trump's Emergency Powers

• The US Supreme Court postponed its decision on challenging former President Donald Trump's tariffs, causing market uncertainty.
• The delay impacts global markets, including India, which feared increased tariffs and negative economic effects.
• Further opinions from US judges are anticipated within the next two weeks, potentially after their holiday break.
• Trump utilized 1977 emergency powers to impose 10-50% tariffs on various countries, including India, China, Canada, and Mexico.
• Lower courts previously ruled Trump exceeded his jurisdiction with these tariffs, a decision now under Supreme Court review.

Why It Matters: US Supreme Court delays tariff decision, prolonging market uncertainty over Trump's emergency trade powers.