US SC Tariff Ruling: India, China Benefit; EU, Japan Lose
A recent US Supreme Court ruling on tariffs is set to benefit India, China, and Brazil, while negatively impacting the EU, UK, Japan, and Singapore, according to an ICICI Bank report.
A recent US Supreme Court ruling on tariffs is set to benefit India, China, and Brazil, while negatively impacting the EU, UK, Japan, and Singapore, according to an ICICI Bank report.
The US administration is preparing new national security investigations into imports of batteries, telecom equipment, and chemicals, aiming to impose fresh tariffs following a Supreme Court decision that limited Trump's emergency powers.
India has deferred a planned Washington visit to finalize an interim trade agreement following a US Supreme Court ruling that limits presidential tariff authority, creating uncertainty in bilateral relations.
A SpiceJet flight from Delhi to Leh faced an engine issue shortly after takeoff, prompting a safe return to the national capital. All passengers and crew are safe.
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RecommendedA SpiceJet Boeing 737 flight from Delhi to Leh returned safely to Delhi within an hour due to an engine failure. All 150 passengers disembarked normally with no fire warnings reported.
A SpiceJet flight from Delhi to Leh carrying 150 passengers made an emergency return to Delhi after experiencing engine failure mid-air. All passengers and crew are safe, and the airline is investigating the incident.
Uttar Pradesh Chief Minister Yogi Adityanath signed three MoUs worth Rs 6,650 crore in Singapore for group housing, logistics park, and data centre projects, expected to create over 20,000 jobs.
Commerce Minister Piyush Goyal and Canadian Trade Minister Mary Ng held talks to advance the India-Canada Comprehensive Economic Partnership Agreement (CEPA) ahead of Prime Minister Justin Trudeau's upcoming visit to India.
Commerce Minister Piyush Goyal held a virtual meeting with Canada's Minister of International Trade, Mary Ng, to discuss enhancing bilateral trade and investment ties between India and Canada.
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RecommendedKerala government signs MoUs with three central PSUs for a Rs 2,000 crore logistics master plan at Vizhinjam International Seaport to transform it into an economic hub.
NHAI has restarted construction on Ludhiana's outer ring road after a 3-year land acquisition delay, with key segments targeting completion by late 2026 to ease traffic and boost connectivity.
Bengaluru's KR Market unveils a modern parking facility after decades of neglect, featuring 200 car and 400 two-wheeler slots, cultural decor, and advanced water management to boost local business.
Air India has updated its website to show flights from Halwara International Airport to Delhi, with fares from ₹6,400 and an 80-minute travel time, but bookings are not yet available until after March 28.
Israeli Ambassador Reuven Azar confirms ongoing India-Israel FTA negotiations with potential conclusion in 2026. He also addresses regional security threats from Iran's nuclear ambitions and proxy groups.
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RecommendedThe US Supreme Court's invalidation of Trump's emergency tariffs provides India with enhanced leverage in ongoing trade talks, allowing potential renegotiation of terms and protection clauses.
India's TexMin and Russia's Giredmet sign a pact to enhance rare earth and critical mineral technologies, aiming to reduce import dependency and strengthen bilateral ties.
The government has immediately reduced duty refunds under the RoDTEP scheme by 50%, prompting export bodies to request reconsideration amid global economic challenges.
Finance Minister Nirmala Sitharaman stated it is premature to comment on the impact of recent US tariff developments on India, emphasizing ongoing monitoring and assessment by the Commerce Ministry.
South Korea's industry minister announced plans to consult with the US on trade balance following a Supreme Court ruling against Trump-era tariffs, without specifying actions on the 15% duties.
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RecommendedThinkPalm Technologies partners with Nanyang Polytechnic to boost Industrial IoT innovation and sustainability in Singapore, focusing on smart manufacturing and digital transformation.
Uttar Pradesh Chief Minister Yogi Adityanath held strategic meetings with Singapore's sovereign wealth funds GIC and Temasek, pitching investment opportunities in data centers, logistics, renewable energy, and industrial infrastructure in the state.
The US has announced a 10% tariff on exports for 150 days starting February 24, creating uncertainty in global trade. This move impacts various sectors and raises concerns about economic stability.
China calls on the United States to cancel unilateral tariff measures following a US Supreme Court decision that struck down Trump's authority to impose sudden tariffs. The warning comes ahead of Trump's planned visit to China.
President Trump's new 15% universal import duty reshuffles global trade dynamics. India gains competitive advantage with lower tariffs, China sees limited relief, while the UK loses its preferential 10% rate, creating a fragmented trade landscape.
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RecommendedUS Customs and Border Protection will cease collecting tariffs under Trump's IEEPA orders from Tuesday, following a Supreme Court decision. However, new 15% global tariffs are being implemented under a different legal authority.
The US Supreme Court has declared Trump's emergency tariffs illegal, triggering a shift to a 15% global tariff. India and China emerge as key beneficiaries, while US allies face new disadvantages in this major trade policy reset.
South Korea's industry minister announced consultations with the US on trade balance following the Supreme Court's ruling against Trump's 15% tariffs, though specific actions remain unspecified.
Banaras Locomotive Works in Varanasi dispatched its 10th 3,300 HP diesel-electric locomotive to Mozambique, completing the export order and showcasing India's growing role in global locomotive manufacturing.
India postpones chief negotiator Darpan Jain's Washington DC visit to assess implications of US Supreme Court ruling invalidating Trump's tariffs on trade deal framework.
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RecommendedBharatiya Kisan Union (Charuni) held a state-level meeting in Kurukshetra, opposing the India-USA trade deal. They announced a large rally on March 23, 2026, and burned copies of the agreement in protest.