Trump's Tariff Fate Hangs: Supreme Court Postpones Crucial Decision

• The US Supreme Court in Washington postponed its decision on the legality of President Donald Trump's tariffs.
• The case questions whether Trump can impose tariffs without congressional approval using the 1977 'Emergency Power Law' (IEEPA).
• A ruling against Trump could force the US government to refund $150 billion to importers and provide relief to Indian exporters.
• Trump's administration argues tariffs are for national security and to curb drug trafficking, aiming for $600 billion in revenue.
• A Trump victory could escalate global trade wars and inflation; a defeat would be a major setback for his economic policies.

Why It Matters: Supreme Court delays tariff ruling, leaving Trump's economic policies and global trade implications uncertain.