Donald Trump slams a US Supreme Court tariff ruling, claiming it could cost $159 billion in repayments and intensify debates over trade policy

Trump: 'One little half sentence' and ridiculous Supreme Court ruling on tariffs could have saved US $159 billion

A US court has ordered the government to refund over $130 billion in tariffs collected under Donald Trump’s trade policy, potentially affecting 300,000 importers.

US trade court orders customs to refund $130bn of illegal tariff

As of early 2026, research indicates that U.S. consumers and importing firms bear nearly all (approx. 96%) of the burden of Donald Trump's tariffs, rather than foreign exporters. These tariffs act as a de facto consumption tax, leading to higher prices for Americans, while reducing product variety and volume. 


Trump Tariffs: Fed Report Claims Consumers Absorb 94% of Tariff Costs

The United States has finalised a reciprocal trade agreement with Taiwan, confirming a 15 per cent tariff on Taiwanese imports while securing sweeping tariff cuts and fresh purchase commitments from Taipei, according to a document released by the US Trade Representative’s office.

US-Taiwan Trade Pact Locks in 15% Tariff, Secures $85 Billion US Export Boost

Trump’s top aide Scott Bessent criticised the EU over its new free trade deal with India, calling it “disappointing” and accusing Europe of putting commerce over principles.

‘Very disappointing’: Trump’s top aide attacks EU over ‘Mother of all deals’ with India, says Europe 'funding the war against themselves'

Investors shifted toward safe-haven assets such as the Japanese yen and the Swiss franc, reflecting a risk-off sentiment following heightened tariff uncertainties, pushing the dollar under pressure across major currency pairs.

Dollar slides, global markets shaken as Trump threatens tariffs on Europe over Greenland dispute

Trump warned the US would be “screwed” if the Supreme Court strikes down his tariffs, saying hundreds of billions or even trillions could be owed back. The court is set to rule soon on a challenge to his use of emergency powers.

‘WE’RE SCREWED’: Trump warns Supreme Court ruling against tariffs would be ‘complete mess’

India has already simplified the process of granting business visas to Chinese workers and is now reviewing whether some investment-related restrictions could also be eased.

Economic reset? India examines step-by-step relaxation in trade with China

After Trump came to power in January 2025, he used tariffs as a national security and foreign policy tool, imposing huge tariffs on countries globally on imports of their products. In addition, he has also imposed a 50 per cent tariff on the import of products from India.

'Far stronger & more respected': Trump claims US will receive over $600 billion in tariffs, hits out at media

US economy accelerates by 4.3% with strong consumer spending and export growth in Q3

The Trump administration has been stepping up efforts to convince Americans of the economy's strength as affordability concerns emerged as a key issue in this month's elections for New York City mayor, and the governors of New Jersey and Virginia.

Trump signs order lowering tariffs on beef, coffee, other agricultural goods

IMF forecasts India’s GDP growth to 6.6% for 2025 despite US tariff concerns

Donald Trump announced sweeping tariffs of 25–100% on medicines, trucks, furniture, and cabinets, sparing US-based drugmakers. Analysts warn of rising drug costs and broader economic impact under Section 232 measures.

Trump hits drugs, trucks and furniture with sweeping tariffs - Why did the US president do it and what will be the impact?

U.S. Tariffs: The coffee sector is still facing supply chain disruptions due to U.S. Tariffs. Green coffee from Brazil and roasted coffee from Switzerland are particularly hit the most. American consumers have largely yet to see the tariff impact. However, EU coffee roasters are reconsidering their strategy as trade flows shift.


U.S. Tariffs: Coffee Still Faces Supply Chain Disruptions 

Trade Tensions: The world’s biggest coffee exporter, Brazil, is feeling the heat from U.S. Tariffs. The industry is warning that tariffs are already driving up prices.


Trade Tensions: U.S. Tariffs Affect Brazilian Coffee  

During the virtual Summit of BRICS Leaders, EAM Dr S Jaishankar says, "It is my privilege to represent Prime Minister Narendra Modi at this virtual meeting of BRICS Leaders. I convey his greetings to all of you. The state of the world today is a cause for genuine concern. The last few years have witnessed the devastating impact of the Covid pandemic, major conflicts in Ukraine and the Middle East/West Asia, volatility in trade and investment flows, extreme climate events and a discernible slowing down of the SDG Agenda.

BRICS virtual summit slams US tariffs

Brazil has proposed an extraordinary BRICS summit to align a collective response to US trade challenges, following the recent increase in US tariffs on Brazilian goods.

Brazil Requests BRICS Meeting to Counter US Trade Threats

India has surprised economists with its GDP growth rate of 7.8% in Q1 FY26. But this is as good as it can get, as the impact of US tariffs looms.


India records best GDP growth in 5 quarters

Multiple nations paused or suspended parcel shipments to the US after the decision of the US government to eliminate the 'de minimis' exemption, effective from August 29, 2025.

20+ countries suspend parcel deliveries to US as new tariff rules take effect from Aug 29 —Here's the full list

JD Vance said that workers in the US will see a take-home pay increase of $10,000 over several years due to the Big Beautiful Bill. He claimed that the bill created the biggest tax cut for working families in history.



'If you are...': JD Vance's major announcement on BIG FAT tax cut. Here's what he said

Amid US tariff tensions, Prime Minister Narendra Modi, in his Independence Day address from the Red Fort, sent a firm message to President Donald Trump. His remarks come as the US pressures India to further liberalize its agricultural market, while simultaneously imposing an extra 25% tariff, labeled by Washington as a “penalty” for India’s ongoing Russian oil imports.


PM Modi Stands Firm Against US Tariffs, Sends Message to Trump, Emphasizes On Self-Reliance

India's sovereign rating was upgraded to BBB from BBB- on Thursday by the S&P Global Ratings agency after a gap of 18 years. This position has now moved India a step closer to the coveted A-level category, signalling stronger creditworthiness to global investors.

S&P Global upgrades India’s credit rating to BBB after 18 years, FinMin responds — Details inside

India’s government has made it clear that it will not back down on certain key sectors during the trade negotiations. In particular, the country is firm in its stance on agriculture and dairy, which it considers red lines. 

India draws ‘red line’ as the US trade negotiations proceed after 50% tariff hike

PG Electroplast profit forecast cut hurt electronics manufacturing. SBI has mixed signals with growth but warns of margin pressure. The hospitality sector performs steadily, yet underperforms market, while tariff tensions hinder India growth prospects.

Indian electronics makers lose steam as US tariff risks loom

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Trump: 'One little half sentence' and ridiculous Supreme Court ruling on tariffs could have saved US $159 billion

US trade court orders customs to refund $130bn of illegal tariff

Trump Tariffs: Fed Report Claims Consumers Absorb 94% of Tariff Costs

US-Taiwan Trade Pact Locks in 15% Tariff, Secures $85 Billion US Export Boost

Very disappointing: Trump aide attacks EU over ‘Mother of all deals’ with India

Dollar slips, markets wobble as Trump targets Europe with tariffs over Greenland

‘WE’RE SCREWED’: Trump warns SC ruling against tariffs will be ‘complete mess’

Economic reset? India examines step-by-step relaxation in trade with China

'Far stronger': Trump claims US will receive over $600 billion in tariffs

US economy accelerates with strong consumer spending and export growth in Q3

Trump signs order lowering tariffs on beef, coffee, other agricultural goods

IMF forecasts India’s GDP growth to 6.6% for 2025 despite US tariff concerns

Trump hits drugs, trucks and furniture with sweeping tariffs

U.S. Tariffs: Coffee Still Faces Supply Chain Disruptions

Trade Tensions: U.S. Tariffs Affect Brazilian Coffee

BRICS virtual summit slams US tariffs

Brazil Requests BRICS Meeting to Counter US Trade Threats

India records best GDP growth in 5 quarters

20+ nations suspend parcel deliveries to US as new tariff rules start Aug 29

'If you are...': JD Vance's major announcement on BIG FAT tax cut

PM Modi Stands Firm Against US Tariffs, Sends Message to Trump, Emphasizes On Self-Reliance

S&P Global upgrades India’s credit rating to BBB after 18 years, FinMin responds

India draws ‘red line’ as the US trade talks proceed after 50% tariff hike

Indian electronics makers lose steam as US tariff risks loom