Tariffs or tantrums?
12-01-2026
The US Supreme Court is on the verge of delivering a highly anticipated verdict on the legality of President Donald Trump's broad tariffs, imposed since early 2025 under the International Emergency Economic Powers Act (IEEPA) of 1977. As of January 10, 2026, no ruling has been issued—the court did not release a decision on January 9 (its first session day of the year), despite widespread expectations. The next possible date for opinions is January 14, 2026, leaving global markets, businesses, and trading partners like India in suspense.