Commerce Secretary Howard Lutnick is facing intense questioning from House Democrats regarding his historical business ties to the Epstein family and potential conflicts of interest in the rare earth minerals sector. The inquiry focuses on 'tariff refund wagers' and how his current role overseeing trade policy might intersect with his private financial history.
Union Minister Piyush Goyal confirmed that India is in active dialogue with the US following a landmark Supreme Court ruling that overturned broad executive tariffs. The ruling has created a window for renegotiation as both nations seek to stabilize trade relations amid legal uncertainty in Washington.
Indian Commerce Minister Piyush Goyal and US Secretary of Commerce Howard Lutnick held high-level talks in New Delhi to salvage a bilateral trade deal. The meeting follows a landmark US Supreme Court ruling that shifted tariff authority to Congress, forcing a rescheduling of formal negotiations.
The U.S. dollar is under pressure following a Supreme Court ruling that limited President Trump's emergency tariff powers, triggering a retaliatory 15% blanket tariff hike. Global markets are bracing for renewed trade volatility as the administration targets key industrial sectors with national security duties.
The European Commission has issued a stern demand for the United States to uphold its bilateral trade commitments following President Trump's announcement of a 15% global import duty. The move comes immediately after a U.S. Supreme Court ruling limited the administration's tariff powers, creating a fresh wave of volatility in transatlantic relations.
The US Supreme Court has invalidated the Trump administration's sweeping tariff regime, ruling that the President exceeded his authority under the 1977 International Emergency Economic Powers Act. The decision jeopardizes over $134 billion in collected levies and creates immediate uncertainty for global supply chains and domestic inflation.
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