The verdict marks a notable shift from a series of recent wins for Trump at the Supreme Court.
In a major setback to Trump's pivotal economic agenda for his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the president on nations around the world were illegal.
Indian equity markets closed higher, driven by gains in PSU bank, auto, and financial stocks, following the US Supreme Court's decision on tariffs. Sensex climbed 479.95 points to 83,294.66, and Nifty advanced 141.75 points to 25,713.
Trump administration will use "alternative legal authorities" to enforce tariffs on the countries, assuring that the tariff revenue will remain unchanged.
After the US Supreme Court struck down President Donald Trump's global tariffs, Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of being "compromised", saying his "betrayal" in the India-US interim trade deal stood exposed.
Neal Katyal, an accomplished Indian-American lawyer, triumphed in a landmark Supreme Court case against Donald Trump's tariffs, championing the Constitution and the rights of American small businesses.
India and the US have decided to reschedule their meeting to finalize the interim trade pact due to recent developments and implications, including changes in US tariffs.
'Engaged in very fruitful discussions to expand our trade and economic partnership.'
Analysts predict continued volatility in Indian equity markets due to domestic macroeconomic data, F&O expiry, global developments including US tariff policies, and geopolitical tensions.
The official also advised all the trade partners to abide by the trade deals. The new 10 percent global tariff is part of Trump's protectionist trade agenda, aimed at addressing balance-of-payments issues and unfair trade practices.
Indian exports to the US will face a 10% tariff, down from 25%, for 150 days following a US Supreme Court ruling. However, uncertainty persists due to potential further tariff hikes and long-term implications.
'The contours of the trade deal need to be reworked now.'
Finance Minister Nirmala Sitharaman stated that it is premature to comment on the tariff changes announced by the United States, adding that the commerce ministry is currently reviewing the situation.
US President Donald Trump asserted that the trade deal with India remains intact despite a Supreme Court ruling against his tariffs, while also claiming he used tariffs to stop a war between India and Pakistan.
US President Donald Trump announced a new global levy on imported items, resulting in a lower tariff rate for India, following a Supreme Court verdict against his previous sweeping tariffs.
Following a Supreme Court setback, Donald Trump has announced an increase in global tariffs from 10% to 15%, impacting international trade relations and raising concerns about economic repercussions.
The ruling is expected to have wide-ranging consequences for global trade, businesses, consumers, inflation trends and household finances across the country.
India's economy experienced a growth of 7.8 per cent during the October-December quarter of 2025-26, according to the new series of national accounts with 2022-23 as the base year.
India will now face a lower reciprocal tariff of 10 per cent, down from 25 per cent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping duties on several nations.
Usha, 40, and Vance, 41, who met while attending Yale Law School, have three kids -- Ewan, 8, Vivek, 5, and Mirabel, 4.
Gold extended its record-breaking run to breach the Rs 1.5 lakh per 10-gram mark in futures trade on Tuesday, while silver surged to a lifetime high of Rs 3.27 lakh per kg as investors rushed to safe-haven assets amid mounting global tensions. On the Multi Commodity Exchange (MCX), gold futures for February delivery climbed Rs 6,861, or 4.7 per cent, to record Rs 1,52,500 per 10 grams after settling at Rs 1,45,639 per 10 grams in the previous session.
In an event-heavy week ahead, stock markets are expected to track Q3 corporate earnings from several blue-chip firms, including TCS and Infosys, while inflation data and global trends would also dictate investors' sentiment, analysts said.
The US Supreme Court has denied the application of Tahawwur Rana, a Canadian national of Pakistani origin accused in the 2008 Mumbai terror attacks, seeking a stay on his extradition to India. Rana, currently detained in Los Angeles, had submitted the application after Associate Justice Elena Kagan initially denied it. Despite a renewed appeal, the Supreme Court ultimately rejected the request.
In a long battle, this is Rana's last legal chance not to be extradited to India.
US Vice President JD Vance has strongly criticized commentators for making derogatory remarks about his Indian-origin wife, Usha Vance, following racist comments from a right-wing podcaster.
A Delhi court has allowed Tahawwur Hussain Rana, accused in the 26/11 Mumbai attacks, to have three phone calls with his brother to discuss engaging a private counsel. His judicial custody has been extended until September 8.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
A Delhi court extended the judicial custody of Tahawwur Hussain Rana, accused in the 26/11 Mumbai terror attack, until August 13. The order was passed after Rana was produced via video conference. Rana is associated with David Coleman Headley. NIA has filed a supplementary chargesheet against Rana.
According to the chargesheet, Rana played a crucial role in supporting terrorist David Coleman Headley, a Pakistani-American operative linked to Lashkar-e-Taiba, by facilitating his reconnaissance missions across Mumbai.
The blame must be shared by the investigating agencies, the government of the day and the nation at large, points out Colonel Anil A Athale (retd).
The US Supreme Court has ruled against an Indian citizen who has spent decades in the US and faces deportation after checking the wrong box on a driver's licence application.
Senior advocate Dayan Krishnan, who led India's arguments for the extradition of 26/11 accused Tahawwur Rana in a United States court, is set to lead the National Investigation Agency's (NIA) prosecution in Delhi.
A multi-agency team has gone to the US and all paperwork and legal issues are being completed with US authorities to bring him to India, they said.
Security has been heightened outside the Patiala House Court in Delhi ahead of the expected appearance of Tahawwur Rana, a key accused in the 2008 Mumbai terror attacks. Rana, who was extradited from the US, is likely to be produced in court on Thursday. The Delhi Police and paramilitary forces are carrying out thorough security checks to prevent any untoward incidents.
Tahawwur Hussain Rana, a Pakistani-origin Canadian businessman and accused in the 26/11 Mumbai terror attacks, has moved a court seeking permission to talk to his family members. The NIA has been directed to file a reply by April 23.
Tahawwur Hussain Rana, a Pakistani-born Canadian national accused in the 2008 Mumbai terror attacks, is likely to be lodged in a high-security ward in Tihar jail upon his extradition from the US. Rana, a close associate of David Coleman Headley, a US citizen who was also involved in the attacks, will be brought to India after his last-ditch attempt to evade extradition was rejected by the US Supreme Court. The attacks, which lasted nearly 60 hours, resulted in the deaths of 166 people and sent shockwaves across the country.
Security has been heightened outside the National Investigation Agency (NIA) headquarters in New Delhi, where Tahawwur Rana, the mastermind of the 2008 Mumbai terror attacks, is being held following his extradition from the United States. Rana was brought to India after the US Supreme Court dismissed his review plea against extradition. The NIA secured an 18-day custody of Rana after he was produced before a special court in Delhi. Additional police and paramilitary forces have been deployed to ensure law and order. The extradition of Rana, a close associate of David Coleman Headley, the main conspirator of the Mumbai attacks, is a significant development in the investigation into the 2008 attacks.
The central government has appointed advocate Narender Mann as special public prosecutor to conduct trials and other matters related to the National Investigation Agency case RC-04/2009/NIA/DLI against Tahawwur Hussain Rana and David Coleman Headley, who is in a US prison following a plea deal.
The National Investigation Agency has informed a Delhi court that Mumbai attack accused Tahawwur Rana could spill the beans on the ongoing and future terror plans of outfit Lashkar-e-Taiba and its chief Hafiz Saeed for India.
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