Last mentioned: 5h ago
Tariff Implementation
15% across-the-board tariffs scheduled to take effect for 150 days.
Negotiations Deferred
India and US officially reschedule the Feb 23 chief negotiator meeting to evaluate legal impacts.
Trump Retaliation
President Trump announces 10% global tariffs, later increased to 15%.
SCOTUS Ruling
US Supreme Court strikes down presidential tariff authority, citing Congressional power.
Framework Reached
India and US announce a framework for an interim trade agreement.
Geneva Summit
Scheduled meeting between Iranian officials and U.S. envoy Steve Witkoff.
Tariff Pivot
Trump announces a 15% global tariff replacement during a public address.
Diplomatic Signal
Foreign Minister Araghchi announces a draft proposal is nearly complete.
Section 122 Invocation
President Trump signs an executive order imposing a 10% global tariff surcharge under the Trade Act of 1974.
SCOTUS Ruling
The Supreme Court issues a decision limiting executive tariff discretion.
Executive Response
President Trump outlines a 'path forward' involving potential legislation.
Supreme Court Ruling
SCOTUS strikes down IEEPA-based tariffs in a 6-3 decision, citing lack of explicit Congressional authorization.
Vance Response
VP JD Vance criticizes the court on X, claiming the ruling undermines the President's ability to protect American industry.
SCOTUS Ruling
Supreme Court strikes down the use of emergency laws for tariff imposition.
Legal Challenges Peak
Major retail coalitions file suits reaching the appellate level.
Tariff Escalation Begins
Initial broad tariffs imposed under Section 301 and 232.
Negotiations for a landmark interim trade deal between India and the United States have been abruptly postponed following a U.S. Supreme Court ruling that limits presidential tariff authority. The delay comes as President Trump counters the court with a 15% across-the-board tariff, creating significant uncertainty for retail supply chains and cross-border e-commerce.
The U.S. Supreme Court has invalidated the administration's use of emergency powers to impose tariffs, prompting President Trump to announce a replacement 15% global tariff. Meanwhile, high-stakes diplomatic talks with Iran are scheduled for Geneva this Thursday amid a massive U.S. military buildup in the Middle East.
Following a 6-3 Supreme Court ruling declaring his 'reciprocal tariffs' illegal, President Trump asserted that trade relations with India remain unchanged. Despite the legal setback regarding executive authority, the administration plans to pursue alternative routes to maintain its protectionist trade framework.
The U.S. Supreme Court has struck down the administration's use of the International Emergency Economic Powers Act (IEEPA) to levy broad-based tariffs, ruling the move exceeded executive authority. In response, President Trump immediately invoked Section 122 of the Trade Act of 1974 to impose a new 10% global tariff surcharge.
President Trump has labeled a landmark Supreme Court decision limiting executive tariff authority as 'deeply disappointing,' signaling a major shift in U.S. trade policy. The ruling challenges the administration's ability to unilaterally impose broad import duties, creating a period of both relief and uncertainty for the e-commerce and retail sectors.