Berlin, Feb 21 (IANS) Several major German business groups have welcomed a US Supreme Court ruling against President Donald Trump’s tariff policy but warned that uncertainty for companies persists.”Even after today’s ruling, although it may become more difficult for the United States to launch new tariff spirals at will, uncertainty for German companies operating in the US market remains high,” Volker Treier, head of foreign trade at the German Chamber of Commerce and Industry, said in a stateme…
Latest International Emergency Economic Powers Act (IEEPA) News & Updates
Washington, Feb 21 (IANS) US Treasury Secretary Scott Bessent made clear that tariffs will remain a central tool of President Donald Trump’s economic strategy, even after a Supreme Court ruling limited the administration’s use of one legal authority to impose them.Speaking at the Economic Club of Dallas, Bessent addressed the court’s decision directly. “Six Justices simply ruled that IEEPA (International Emergency Economic Powers Act) authorities cannot be used to raise even one dollar o…
Mumbai, Jan 10 (IANS) The Indian equity benchmarks closed this week down around 2.5 per cent, continuing decline through five sessions amid persistent uncertainty over the US-India tariff talks and escalating geopolitical tensions.Profit-booking in autos, metals, and oil and gas weighed on indices during the week, while selective buying in consumer durables, on hopes of a demand revival, offered brief respite.Nifty dipped 2.45 per cent this week and 0.75 per cent on the last trading day to end a…