Facebook Pixel Top US court strikes down global tariffs | Millennium Post Delhi - newspaper - Lee esta historia en Magzter.com

Intentar ORO - Gratis

Top US court strikes down global tariffs

Millennium Post Delhi

|

New Delhi 21February2026

‘Trump terms majority verdict a ‘disgrace’

The Supreme Court struck down, President Donald Trump’ far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda.

The 6-3 decision centres on tariffs imposed under an emergency powers law, including the sweeping “reciprocal” tariffs he levied on nearly every other country.

It’s the first major piece of Trump’s broad agenda to come squarely before the nation’s highest court, which he helped shape with the appointments of three conservative jurists in his first term.

‘The majority found that it’s unconstitutional for the president to unilaterally set and change tariffs because taxation power clearly belongs to Congress. “The Framers did not vest any part of the taxing power in the Executive Branch? Chief Justice John Roberts wrote.

Justices Samuel Alito, Clarence Thomas and Brett Kavanaugh dissented.

“The tariffs at issue here may or may not be wise policy. But as a matter of text, history, and precedent, they are clearly lawful,” Kavanaugh wrote.

‘Trump called the majority decision “a disgrace” when he was notified during his morning meeting with several governors, according to someone with direct knowledge of the president's reaction who spoke on the condition of anonymity to discuss the private conversation.

‘Trump was meeting privately with nearly two dozen governors from both parties when the decision was released. The White House did not immediately respond to a request for comment.

The court majority did not address whether companies could get refunded for the billions they have collectively paid in tariffs. Many companies, including the bigbox warehouse chain Costco, have already lined up in lower courts to demand refunds. Kavanaugh noted the process could be complicated.

MÁS HISTORIAS DE Millennium Post Delhi

Millennium Post Delhi

Millennium Post Delhi

Punjab Cabinet gives nod to ‘Budget Estimates’ for 2026-27

The Punjab Cabinet led by Chief Minister Bhagwant Mann on Friday cleared the presentation of Supplementary Demands for Grants for the year 2025-26 and Budget Estimates for the year 2026-27, along with CAG audit reports for the year 2024-25, in the ongoing Budget session of the Vidhan Sabha.

time to read

1 min

New Delhi 07March2026

Millennium Post Delhi

Fadnavis presents 1st budget, announces Rs 2L farm loan waiver

The Maharashtra government on Friday announced a farm loan waiver of up to Rs 2 lakh in the 2026-27 Budget, which also focuses on river-linking projects, women empowerment, youth development, health, startups and strengthening social welfare schemes.

time to read

1 min

New Delhi 07March2026

Millennium Post Delhi

Millennium Post Delhi

Peter Jackson to receive Palme d'Or at Cannes Film Festival

The film festival will take place on May 12

time to read

1 min

New Delhi 07March2026

Millennium Post Delhi

K’taka CM presents 17th Budget; alleges injustice by Centre

Presenting his record 17th Budget on Friday, Karnataka Chief Minister Siddaramaiah said, by not adhering to the federal system of governance as per the constitution, the Centre is doing injustice to Karnataka.

time to read

1 min

New Delhi 07March2026

Millennium Post Delhi

Millennium Post Delhi

Rodrigues lone bright spot as Oz gain edge

Jemimah Rodrigues fought bravely with a fifty but other India batters failed to counter the swing generated by Australian pacers Annabel Sutherland and debutant Lucy Hamilton, getting bundled out for a lowly 198 on the opening day of the one-off day-night Test here on Friday.

time to read

1 min

New Delhi 07March2026

Millennium Post Delhi

India's forex stocks jump $4.885 bn to $728.494 bn

India’s forex reserves jumped $4.885 billion to an all-time high of $728.494 billion during the week ended February 27, the Reserve Bank said on Friday.

time to read

1 min

New Delhi 07March2026

Millennium Post Delhi

PM to inaugurate, lay foundation of projects worth Rs 33,500 crore

Prime Minister Narendra Modi will launch and lay the foundation stones of multiple development projects, including inaugurating two new corridors of the Delhi Metro, in the national capital on Sunday.

time to read

1 mins

New Delhi 07March2026

Millennium Post Delhi

Millennium Post Delhi

'No shortage of funds, no tolerance for laxity'

AIMAN FATIMA

time to read

1 min

New Delhi 07March2026

Millennium Post Delhi

Millennium Post Delhi

DIVYA DUTTA'S 'CHIRAIYA' REMINDS ONE OF BENGALI SERIES 'SAMPURNA

For those who have watched the Bengali web series 'Sampurna' on 'Hoichoi, you are bound to find a resemblance with the trailer of Divya Dutta-starrer Hindi web series 'Chiraiya.

time to read

1 min

New Delhi 07March2026

Millennium Post Delhi

Millennium Post Delhi

Storm water drain remodelling works worth Rs 177 cr approved

AIMAN FATIMA

time to read

2 mins

New Delhi 07March2026

Listen

Translate

Share

-
+

Change font size