India, Sept. 7 -- World trade is navigating turbulent times, with the global landscape appearing increasingly unpredictable. The past week, in particular, has witnessed a series of significant events directly affecting India-US trade relations, highlighting the growing complexity of global commerce and strategic alignments.

Judicial Blow to US Presidential Tariff Authority

In a landmark ruling, the US government suffered a setback in federal court concerning the scope of presidential authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA). Historically, IEEPA has been widely used by US Presidents to implement trade sanctions and tariffs, most notably during the Trump administration. The federal court's ...