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Judging the US tariff regime

Hindustan Times Rajasthan

|

February 23, 2026

The US Supreme Court ruling last week was the first institutional volley against the tariffs. But the last word on Trump’s tariff agenda may come from US voters

Just as India had agreed on the broad modalities of a trade deal with the US, things are up in the air once again. On Friday, the US Supreme Court ruled that Donald Trump invoking the US's International Emergency Economic Powers Act (IEEPA) to impose his “liberation day” tariffs was unconstitutional. Trump has, as expected, criticised the judgment and invoked different provisions to impose a fresh round of tariffs, which he increased from 10% to 15% within a day. There are many unknowns right now.

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