New Delhi, Feb 20 (IANS) Industry experts said on Friday that the US Supreme Court ruling against reciprocal tariffs raises questions about whether importers could receive refunds for tariffs collected under the International Emergency Economic Powers Act (IEEPA). Economists estimate that $150 to $175 billion in tariff collections may be at risk if refunds are required.Justice Brett Kavanaugh said in the ruling that, “nothing today about whether, and if so how, the government should go about r…
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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…
Seoul, Jan 12 (IANS) State-run trade agencies pledged on Monday efforts to diversify South Korea’s export items and support envisioned corporate investments in the United States under a bilateral trade deal.The Korea Trade-Investment Promotion Agency (KOTRA) and the Korea Trade Insurance Corp. (K-SURE) shared such plans for 2026 at a policy briefing to the Ministry of Trade, Industry and Resources, reports Yonhap news agency.KOTRA said it will work to diversify Korea’s export items, currently co…