Washington, Feb 28 (IANS) Top Senate Democrats have demanded that the Trump administration return more than $130 billion in tariffs declared illegal by the Supreme Court, escalating a political and legal confrontation over what they called money illegally taxed from American businesses and consumers.In a February 27 letter to Treasury Secretary Scott Bessent, the lawmakers said the administration must immediately begin issuing automatic refunds instead of forcing small businesses to go to court….
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New Delhi, Feb 22 (IANS) As foreign institutional investors (FIIs) continue to sell in the domestic markets, domestic institutional investors (DIIs) also continue to provide strong support, driven by robust cues, according to analysts.FIIs recorded net outflows of approximately Rs 7,000 crore in the cash market for the week ending February 20, amid volatile trading sessions marked by heavy selling on February 13 (Rs 7,395 crore outflow). “Despite this, Domestic Institutional Investors (DIIs) p…
Washington, Feb 21 (IANS) US President Donald Trump, lashed out at the Supreme Court after it struck down his use of a key tariff authority, calling the apex court’s verdict “deeply disappointing”, while announcing he would move immediately to other statutes — including a new “10 per cent global tariff” — that he said would keep his tariff programme intact. “The Supreme Court’s ruling on tariffs is deeply disappointing, and I’m ashamed of certain members of the court, absolutely ashamed, for n…
New Delhi, Feb 20 (IANS) Senior Congress leader and former Union minister Jairam Ramesh has hailed the US Supreme Court’s landmark ruling that struck down most of the sweeping tariffs imposed by President Donald Trump. In a post on his X handle, Ramesh wrote, “Hats off to the US Supreme Court for striking down President Trump’s entire tariff strategy! Quite an amazing decision given its ideological composition. A 6-3 verdict is decisive.”The ruling delivered on Friday marks a major setba…
Washington, Feb 20 (IANS) In a major setback to President Donald Trump’s economic agenda, the US Supreme Court on Friday struck down most of his sweeping tariffs, ruling that he lacked authority under a 1977 emergency law to impose broad import levies on America’s trading partners across the world, including India.The ruling marks a rare instance of the conservative-led court reining in Trump’s use of executive power. According to Politico, the court in a 6-3 decision struck down the tarif…