New Trump tariffs will remain in force despite the ruling, leaving refund questions unresolved and consumer prices uncertain.

The tariffs began taking effect at midnight on Tuesday, shortly after collections under the International Emergency Economic Powers Act were halted following the Supreme Court ruling.

The president loses his biggest tariffs power.

Ahead of a federal court ruling on Donald Trump’s trade tariffs, Treasury Secretary Scott Bessent warned that a legal defeat risked creating a “dangerous diplomatic embarrassment.” Not surprisingly, this did not prove persuasive. NBC News reported: A ...

From 50% duties to a temporary 10% levy, US tariff rules on Indian goods have shifted, lowering costs for now while leaving sectoral duties and trade deal negotiations largely unchanged

Trump's new executive order complicates matters for India, which faces an 18% reciprocal tariff under a recent trade deal. This could effectively lead to a combined tariff rate of 28% on certain goods.