Trump Tariffs Trigger Global Trade Disruptions, Court Challenges

President Donald Trump's tariff policies have significantly reshaped global trade dynamics by imposing steep tariffs on countries such as Mexico, Canada, China, Brazil, and others, aiming to protect American industries and assert U.S. dominance in global trade. His administration is facing legal challenges regarding the use of the International Emergency Economic Powers Act (IEEPA) to justify these tariffs, with courts expressing skepticism and potential rulings possibly requiring alternative legal frameworks. Despite criticism and rising inflation pressures linked to these tariffs, Trump defends them as essential for national survival and economic security. The tariffs have created uncertainty for global markets and forced countries like India to reconsider their economic strategies, emphasizing boosting domestic consumption over reliance on unpredictable external demand. India's market experts urge policy reforms focused on stimulating domestic growth, job creation, and consumption to navigate the fragmented global trade environment intensified by Trump's protectionist agenda. Meanwhile, ongoing negotiations have led to some deadline extensions and temporary truces, reflecting the complex and evolving nature of trade relations under Trump's tariff regime.