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US Supreme Court Limits Presidential Powers on Tariffs Why in the News ? The U.S. Supreme Court struck down tariffs imposed by President Donald Trump under the International Emergency Economic Powers Act (IEEPA), ruling that tariff powers lie with Congress. The judgment clarifies limits on presidential trade authority and strengthens legislative oversight, reinforcing principles of …
Read MoreTrump Imposes 100 Percent Tariff On Pharma Imports Why in the News ? US President Donald Trump announced 100% tariffs on branded or patented pharmaceutical products from October 1, 2025, potentially impacting exports of Indian pharma companies, while generic drugs may remain largely shielded, raising trade and policy concerns. This move could have ripple effects …
Read MoreUS-China Agree to Temporary Tariff Truce Deal Why in the News ? The US and China have agreed to a 90-day pause in their trade war following talks in Geneva, temporarily reducing tariffs and non-tariff barriers. This truce comes amid economic strain and growing fears of recession and stagflation. Background of the Tariff War: Trade …
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