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Talks Postponed
India and US reschedule the Feb 23 chief negotiator meeting in Washington DC.
Tariff Escalation
Trump imposes 10% (later 15%) tariffs on all countries for 150 days.
Framework Reached
India and US announce a framework for an interim trade agreement.
SCOTUS Ruling
US Supreme Court strikes down President Trump's unilateral tariff-imposing powers.
Original Target
Initial implementation date for the trade pact, now likely delayed.
Vance Response
Vice President JD Vance issues a statement calling the ruling 'lawlessness.'
GDP Data Release
The BEA releases growth figures showing a miss against market expectations.
White House Response
President Trump issues a statement blaming the shutdown for the economic slowdown.
Supreme Court Ruling
The high court strikes down the tariffs in a landmark decision on executive power.
First Tranche Details
Details emerge of the $36 billion investment focusing on Ohio, Texas, and Georgia.
Sector Focus Confirmed
Bloomberg and CNBC report the focus on LNG, crude oil exports, and critical minerals.
Trade Deal Announcement
President Trump announces the launch of a 'massive' trade deal with Japan on social media.
Government Reopens
A temporary funding bill is signed, ending the shutdown and restoring federal operations.
Shutdown Begins
Federal agencies close as legislative funding negotiations reach an impasse.
Legal Challenges Filed
A coalition of trade groups and importers files suit in the Court of International Trade.
Tariff Implementation
The administration imposes broad tariffs on imported industrial materials citing national security.
The US Supreme Court's decision to strike down emergency tariffs has triggered a massive shift in global trade dynamics, primarily benefiting major exporters like China and India. This ruling curtails executive power over trade policy and provides immediate relief to international supply chains previously strained by protectionist levies.
Negotiations for an interim India-US trade pact have been indefinitely postponed following a landmark US Supreme Court ruling that limits executive authority over tariffs. The delay comes as President Trump imposes a 150-day emergency tariff of 15% on all imports, including those from India.
Vice President JD Vance has condemned a U.S. Supreme Court decision to strike down key trade tariffs, labeling the judicial intervention as 'lawlessness.' The ruling represents a major setback for the administration's protectionist economic agenda and sets the stage for a constitutional clash over executive authority.
A tightening U.S. energy blockade, including tariffs on third-party oil suppliers, has triggered a systemic failure in Cuba's healthcare infrastructure. With ambulances grounded and hospitals facing power outages, officials warn that five million citizens with chronic illnesses are now at critical risk.
The U.S. economy recorded slower-than-expected GDP growth in the latest quarter, a development President Donald Trump has attributed to the recent government shutdown. The miss underscores the economic friction caused by political gridlock and raises questions about the underlying strength of consumer spending and business investment.
Japan has launched the first tranche of a massive trade agreement with the U.S., committing $36 billion toward energy and critical mineral projects. This initial investment, which includes a major natural gas facility in Ohio, marks the beginning of a broader $550 billion pledge aimed at strengthening bilateral economic ties and resource security.