The U.S. Supreme Court (6–3) struck down Donald Trump’s “reciprocal global tariffs” imposed under a 1977 emergency powers law, ruling that only Congress can impose taxes/tariffs. This nullifies tariffs Trump had placed on many countries, including India.
What happens now?
• The old reciprocal tariffs become invalid.
• The U.S. Treasury must return/refund duties collected under these tariffs (>$133 billion).
• Trump can still impose new tariffs, but only under other laws (ex: Trade Act 1974), with more limits.
• He already announced a temporary 10% global tariff for 150 days under a different legal provision.
