India, Feb. 20 -- In a landmark ruling that sent shockwaves through global markets, the United States Supreme Court on Friday struck down the bulk of President Donald Trump's sweeping tariffs, delivering one of the most significant judicial rebukes of his second term.

The 6-3 decision holds that the 1977 International Emergency Economic Powers Act (IEEPA) does not authorise the President to impose tariffs - a ruling with implications for trade partners worldwide, including India.

The majority held that the President did not have the authority under the emergency powers law to impose a vast array of import levies on goods from nearly all of the nation's trading partners.

Chief Justice John Roberts authored the opinion, joined by the cou...