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Market Reaction
Major retailers confirm no immediate plans to lower consumer prices despite the ruling.
SCOTUS Decision
The Supreme Court issues a landmark ruling striking down the tariffs.
New Delhi Summit
Goyal and Lutnick hold 'fruitful' discussions to salvage the trade partnership.
Meeting Postponed
Scheduled meeting of chief negotiators in the US is delayed to study legal implications.
SCOTUS Ruling
US Supreme Court rules that tariff-setting authority belongs to Congress.
Diplomatic Friction
Lutnick claims trade deal stalled due to lack of direct communication between Modi and Trump.
Appellate Ruling
Lower courts initially uphold the government's authority to impose duties.
Initial Litigation
Trade groups file lawsuits challenging the legality of executive-imposed tariffs.
A new legislative proposal in the United States Congress seeks to eliminate H-1B visa fees for international educators hired by public school districts. The bill aims to mitigate chronic teacher shortages by reducing the financial barrier for underfunded educational institutions to recruit global talent.
The US Supreme Court has invalidated a significant range of executive-imposed tariffs, a landmark move that curtails presidential trade authority. Despite the legal victory for importers, analysts warn that consumer prices are unlikely to drop due to corporate margin recovery and supply chain stickiness.
Indian Commerce Minister Piyush Goyal and US Secretary of Commerce Howard Lutnick met in New Delhi to salvage trade negotiations following a landmark US Supreme Court ruling on tariff authority. The discussions aim to finalize the legal framework for a bilateral agreement despite recent diplomatic friction and shifting constitutional powers in Washington.