US Supreme Court Blocks Trump’s Global Tariffs: Big Relief for India, Markets Rally as Trade Tensions Ease

US Supreme Court declares Trump’s emergency tariffs illegal as global trade uncertainty rises

On February 20, 2026, the U.S. Supreme Court delivered a landmark ruling that struck down most of former President Donald Trump’s sweeping global tariffs, holding that Trump exceeded his authority by imposing them under a 1977 emergency powers law. This decision — issued in a 6-3 decision led by Chief Justice John Roberts — not … Read more