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Podcast: In Focus by The Hindu
Episode: Trump's tariffs fail in the Supreme Court: How can India recalibrate its trade strategy?
Description: A week after the U.S. Supreme Court struck down the Trump administration’s sweeping tariffs imposed under the International Emergency Economic Powers Act, the immediate shock has faded — but the consequences are still unfolding.The Court made clear that the Trump administration can not use emergency economic powers to redesign the country's trade policy, reaffirming that tariff authority rests with Congress. Within hours, the administration turned to Section 122 of the Trade Act of 1974, imposing a temporary 10% tariff, which was later revised to 15%. Whether that move withstands legal scrutiny remains uncertain.There are several questions that remain unanswered — will busine...