21 Feb 2026, 03:10:32 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: What did judgment say?<\/p>\n
Chief Justice John Roberts, along with Justices Neil Gorsuch, Amy Coney Barrett, and the three liberal justices, concluded that IEEPA does not give the president the authority to impose duties, a power solely granted to Congress by the Constitution.<\/p>\n
21 Feb 2026, 02:57:34 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: Indian govt to study the tariff ruling<\/p>\n
Union Minister Pralhad Joshi said that the Centre will review the recent US Supreme Court decision on tariffs before making any official statement, emphasising that this issue falls within the responsibilities of the Commerce Ministry and the Ministry of External Affairs (MEA).<\/p>\n
Joshi was quoted by ANI as saying, “I have read in the media that the US top court has given some judgment and the Indian government will study that, and whatever the reaction needs to be given, that will be given by the Commerce Ministry and MEA, not by me.”<\/p>\n
21 Feb 2026, 02:43:25 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: Massive litigation and refund claims expected, says expert<\/p>\n
Speaking to ANI, Shailesh Haribhakti, a Chartered Accountant and Cost Accountant, anticipates “Massive litigation and refund claims”. He highlighted that the ruling creates significant legal liability for the US government, as the previously collected differentiated tariffs may now be deemed illegal.<\/p>\n
“The Supreme Court has ruled that the president had no ability and no power and that it had to be done through the Constitution of the United States through the houses to levy differential tariffs on different countries… as of today, what this does is that the earlier levied differential tariffs can become subject of massive litigation and people will start claiming refunds of the tariffs that they’ve already paid. The US will have to figure out exactly how to deal with this very difficult situation,” he said.<\/p>\n
21 Feb 2026, 02:29:36 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: India in strong position, says CITI Secretary General<\/p>\n
India continues to hold a strong position despite recent modifications to the US tariff policies, Chandrima Chatterjee, Secretary General of the Confederation of Indian Textile Industry (CITI) told ANI.<\/p>\n
21 Feb 2026, 02:11:23 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: French President Emmanuel Macron reacts<\/p>\n
French President Emmanuel Macron said on Saturday that the U.S. Supreme Court ruling on President Donald Trump’s tariffs shows that it is good to have counterweights to power and the rule of law in democracies.<\/p>\n
“It is not bad to have a Supreme Court and the rule of law,” he said at the annual agricultural salon in Paris. “It is good to have power and counterweights to power in democracies.”<\/p>\n
He added that France would consider the consequences of Trump’s new 10% global tariff and that France will continue to export its products.<\/p>\n
21 Feb 2026, 02:09:48 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: Senate Democrat calls verdict a \u2018victry\u2019<\/p>\n
New York’s Senator and Senate Democratic leader Chuck Schumer called the US Supreme Court ruling against Trump’s tariffs on Friday a “victory for the wallets of every American consumer.” He further called the ruling the “end of trade war”.<\/p>\n
In a post on X, he said, “A victory for the wallets of every American consumer. Trump’s illegal tariff tax just collapsed–He tried to govern by decree and stuck families with the bill. Enough chaos. End the trade war.”<\/p>\n
21 Feb 2026, 02:00:02 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: Japan’s reaction on SC verdict<\/p>\n
In Japan, a government spokesman said Tokyo “will carefully examine the content of this ruling and the Trump administration’s response to it, and respond appropriately.”<\/p>\n
21 Feb 2026, 01:44:13 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: Money must be returned, says US Senator<\/p>\n
US Senator Chuck Schumer has called US President Donald Trump’s imposition of tariffs “illegal’ and has also said that the “money must be returned.”<\/p>\n
“First, the Supreme Court did what everyone knew was the right thing. Everyone knew that if the court was ruling correctly, it would throw it out. But it has thrown America into chaos. All of the promises Trump made that he is growing to bring back manufacturing jobs, they’re lower. The prices will fall, they’ve gone higher. The number one thing people in America care about is prices tariffs have caused them. Trump didn’t mention prices in his whole speech. He was like a ten-year-old: name calling, foot stomping, berating Supreme Court Justices. He is like a baby,” he said.<\/p>\n
21 Feb 2026, 01:34:39 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: Who is Neal Katyal? Indian-American lawyer who argued against Trump<\/p>\n
Born on 12 March 1970 to Indian immigrants Pratibha (a paediatrician) and Surendar (an engineer) in Chicago, Illinois, Neal Kumar Katyal is an American attorney and legal scholar.<\/p>\n
The 55-year-old is at present a partner at Milbank LLP and is the Paul and Patricia Saunders Professor of National Security Law at Georgetown University Law Center.<\/p>\n
21 Feb 2026, 01:25:34 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: South Korea says trade deal with US to remain intact<\/p>\n
South Korea said a US Supreme Court ruling striking down tariffs imposed under President Donald Trump\u2019s emergency powers would not derail its broader trade agreement with Washington.<\/p>\n
Industry Minister Kim Jung-kwan held an emergency meeting Saturday to assess the decision, which found tariffs imposed under the International Emergency Economic Powers Act unlawful. The ruling renders void the 15% reciprocal tariff currently applied to Korean goods, the Ministry of Trade, Industry and Resources said in a statement.<\/p>\n
\u201cAlthough the ruling has heightened uncertainty over exports to the US, the overall framework of export conditions secured under the Korea-US tariff agreement will remain intact,\u201d Kim said, pledging a full-scale response to protect national interests and Korean companies.<\/p>\n
21 Feb 2026, 01:13:09 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: What happens to exporters<\/p>\n
Indian exporters are set to receive immediate relief following the US Supreme Court’s ruling on the US administration tariffs, according to Manoj Mishra, Partner at Grant Thornton Bharat.<\/p>\n
Speaking to ANI, Mishra said, “Indian exporters will get immediate relief, and they will not be required to pay that 25% reciprocal tariff. Even if we would have entered into an Bilateral Trade Agreement (BTA), it would have been reduced to only 18%. So I would say it is very good news for consumers in the US as well as exporters in India.”<\/p>\n
21 Feb 2026, 12:56:13 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: India should re-evaluate trade pact with US, says GTRI<\/p>\n
Think tank GTRI said that, as the reciprocal tariff on Indian goods has come down to 10% from 25%, India should re-evaluate the trade pact with the US.<\/p>\n
India agreed to reduce tariffs for the US based on Washington’s decision to cut RT on India to 18%, but now the US has reduced the RT for all nations to 10%. “Deals are not charity. Both sides must gain. Now, India’s gains need fresh evaluation,” GTRI founder Ajay Srivastava said.<\/p>\n
21 Feb 2026, 12:47:25 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: Taiwan reacts to US tariffs<\/p>\n
Taiwan said on Saturday it was closely monitoring the U.S. Supreme Court\u2019s ruling on tariffs and the Trump administration\u2019s imposition of a flat global tariff of 10%.<\/p>\n
“While the initial impact on Taiwan appears limited, the government will closely monitor developments and maintain close communication with the United States,” the island’s cabinet said in a statement.<\/p>\n
21 Feb 2026, 12:23:51 PM IST<\/p>\n
Supreme Court Trump Tariff Ruling LIVE: Surjewala questions Modi<\/p>\n
Surjewala further questioned as to why the Centre “suddenly rush to execute the US-India Trade Deal \u2013 \u2018Framework Agreement\u2019, on 6th February 2026, “despite full knowledge that the United States Supreme Court had heard the issue of quashing the President\u2019s powers to impose tariffs on 5th November 2025 and a judgment on the same was awaited.” Read more<\/a><\/p>\n 21 Feb 2026, 11:57:14 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Will you get $2,000 promised by Trump?<\/p>\n The Supreme Court’s decision may come as a blow to middle income US families as there is now even less clarity on whether they would get any benefit from the tariff income that the Trump administration had made till now.<\/p>\n 21 Feb 2026, 11:32:45 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: How much tariff will India have to pay?<\/p>\n As per the US Supreme Court ruling, India will be subject to 0% tariffs as reciprocal tariffs are imposed under IEEPA. However, with Trump and the White House both insisting that deals signed must be honoured, and no clarity from officials, India may likely continue to pay 18% duties as per the latest agreement. Read more<\/a><\/p>\n 21 Feb 2026, 11:22:45 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Rahul Gandhi slams PM Modi after SC decision<\/p>\n Following the US Supreme Court’s ruling against the global tariffs imposed by former US President Donald Trump, Rahul Gandhi, Leader of Opposition in Lok Sabha, reiterated his criticism of PM Narendra Modi regarding the India-US interim trade deal.<\/p>\n In a post on X, Gandhi once again accused PM Modi of being “compromised” and said his “betrayal now stands exposed.” He further claimed that the Prime Minister would be unable to renegotiate the trade deal and would “surrender again.”<\/p>\n 21 Feb 2026, 11:11:53 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: USTR outlines set of options for tariffs<\/p>\n Faced with US Supreme Court order that tariffs imposed by Trump administration under the IEEPA were illegal, US Trade Representative Jamieson Greer outlined a set of options his government will take to “ensure continuity in reaching these goals and as part of our negotiated agreements with numerous trading partners.”<\/p>\n 21 Feb 2026, 11:04:03 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: When will new tariffs come into effect?<\/p>\n The US administration has imposed a 10% ad valorem import duty on articles imported into the United States, after the Supreme Court struck down the reciprocal tariffs imposed by them under the IEEPA, terming them as illegal.<\/p>\n The temporary 10% import duty will take effect February 24 at 12:01 a.m. eastern standard time.<\/p>\n 21 Feb 2026, 10:53:03 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Ruling raises fresh questions<\/p>\n The Supreme Court’s ruling raises fresh questions about revenue that already has been collected on tariffs. More than 1,500 companies had filed tariff lawsuits in trade court in preparation for the ruling, according to a Bloomberg analysis.<\/p>\n 21 Feb 2026, 10:29:37 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: New 10% tariff to lift average US effective tariff rate<\/p>\n The US president\u2019s plan to impose a 10% global duty could lift the average US effective tariff rate to 16.5% from 13.6%, or lower it to 11.4% if current exemptions are maintained, Bloomberg Economics estimated.<\/p>\n 21 Feb 2026, 10:14:11 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Which judges supported Trump? Who did not?<\/p>\n Chief Justice John Roberts, joined by Justices Neil Gorsuch, Amy Coney Barrett, and the three liberal justices, held that the IEEPA does not explicitly authorise the president to levy duties–a power the Constitution assigns to Congress.<\/p>\n Justices Samuel Alito, Clarence Thomas, and Brett Kavanaugh dissented, supporting the administration’s broader interpretation of emergency powers.<\/p>\n 21 Feb 2026, 09:53:16 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: All trade deals to remain in full effect<\/p>\n US Trade Representative Jamieson Greer on Friday said that the trade deals signed by the United States with countries from across the world would continue to remain in place despite the Supreme Court ruling and listed several other tools which maight be used to implement the trade deals, noting that while the tools may change, the policy remains the same.<\/p>\n He made the remarks in an interview to Fox News. Sharing the details in a post on X, Greer said, “Our trade deals covering over half of the world’s population remain in full effect.”<\/p>\n 21 Feb 2026, 09:30:43 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Trump orders investigation<\/p>\n In addition to today\u2019s actions, the President has directed the Office of the United States Trade Representative to use its section 301 authority to investigate certain unreasonable and discriminatory acts, policies, and practices that burden or restrict U.S. commerce.<\/p>\n 21 Feb 2026, 09:25:00 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Jairam Ramesh slams Modi govt<\/p>\n Congress general secretary in-charge communications Jairam Ramesh also claimed that if Prime Minister Narendra Modi had not been so “desperate” to protect his fragile image and waited just 18 days more, Indian farmers would have been saved their agony and distress, and Indian sovereignty would have been protected.<\/p>\n 21 Feb 2026, 09:21:30 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Will India still pay 18% tariff?<\/p>\n Donald Trump said the trade deal with India was still on, whereby India will pay 18% tariffs. However, the Indian authorities have not said anything.<\/p>\n 21 Feb 2026, 09:11:43 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Will US have to refund billions now?<\/p>\n The US Supreme Court on Friday (February 20) struck down President Donald Trump\u2019s sweeping global tariffs, ruling that his use of emergency powers to impose broad import taxes was illegal. The decision, handed down in a 6-3 vote, leaves the White House facing the prospect of refunding tens of billions of dollars to importers. Read more<\/a><\/p>\n 21 Feb 2026, 08:52:35 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Trump bashes SC judges who voted against tariffs<\/p>\n \u201cThose members of the Supreme Court who voted against our very acceptable and proper method of TARIFFS should be ashamed of themselves. Their decision was ridiculous but, now the adjustment process begins, and we will do everything possible to take in even more money than we were taking in before,\u201d posts Trump on Truth Social<\/p>\n 21 Feb 2026, 08:49:41 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Why did the US impose 10% tariffs<\/p>\n US President Donald Trump announced 10% global tariffs “effective immediately,” following a major legal defeat at the US Supreme Court. Read more<\/a><\/p>\n 21 Feb 2026, 08:43:33 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Some exemption for Mexico and Canada<\/p>\n The US Supreme Court\u2019s decision to strike down many of Donald Trump\u2019s tariffs offers some relief to Mexico and Canada. That exemption means the effective tariff rate for Canada and Mexico will decline.<\/p>\n 21 Feb 2026, 08:31:15 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: India’s silver outlook today<\/p>\n On the outlook for silver rate today, Sugandha Sachdeva said, “Silver price is finding support near $70 per ounce and \u20b92,25,000 per kg (closing basis), while resistance is placed around $86 per ounce and \u20b92,75,000 to \u20b92,78,000 per kg in the May contract.”<\/p>\n 21 Feb 2026, 08:23:04 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Detroit carmakers exempt from tariffs<\/p>\n Detroit\u2019s automakers learned Friday night that they had been spared from tariffs that President Donald Trump imposed after the US Supreme Court struck down most of his global duties.<\/p>\n 21 Feb 2026, 08:22:37 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: How will gold prices act today?<\/p>\n Speaking on the outlook of gold rate today, Sugandha Sachdeva said, “Technically, gold price remains well supported near $4,880 per ounce and \u20b91,49,800 per 10 gm in the domestic market. Immediate resistance is seen around $5,100 to $5120 per ounce and \u20b91,61,000 per 10 gm. A sustained break above these levels could open the path toward $5,350 internationally and \u20b91,75,000 per 10 gm domestically.” Read more<\/a><\/p>\n 21 Feb 2026, 08:10:04 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Will India pay 10% tariffs?<\/p>\n Responding to ANI, a White House official also confirmed that India will pay 10% tariffs in line with Trump’s newest executive order, till such time that \u201canother authority is invoked\u201d. Read more<\/a><\/p>\n 21 Feb 2026, 07:57:21 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: Nothing changes, India to pay tariffs, says Trump<\/p>\n “When asked whether the framework for an interim agreement on trade with India, expected to be signed soon, stands in the wake of the Supreme Court ruling, Trump said “nothing changes”.<\/p>\n \u201cNothing changes. They’ll (India) be paying tariffs, and we will not be paying tariffs. So deal with India is they pay tariffs. This is a reversal for what it used to be,\u201d he said.<\/p>\n 21 Feb 2026, 07:55:31 AM IST<\/p>\n Supreme Court Trump Tariff Ruling LIVE: What tariffs mean for the Indian stock markets?<\/p>\n