A week after the U.S. Supreme Court struck down the Trump administration’s sweeping tariffs imposed under the International Emergency Economic Powers Act, the immediate shock has faded — but the consequences are still unfolding.The Court made clear that the Trump administration can not use emergency economic powers to redesign the country's trade policy, reaffirming that tariff authority rests with Congress. Within hours, the administration turned to Section 122 of the Trade Act of 1974, imposing a temporary 10% tariff, which was later revised to 15%. Whether that move withstands legal scrutiny remains uncertain.There are several questions that remain unanswered — will businesses get refunds for the $160 billion collected under the now-invalid tariffs? Did countries that rushed into negotiations concede too quickly? And what does this mean for India, which made trade concessions only to see the tariffs collapse in court
Guest: Deborah Elms, Head of Trade Policy at the Hinrich Foundation
Host: Nivedita V
Edited by Sharmada Venkatasubramnaian
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