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Monday, February 23, 2026
TopicUS tariffs

Topic: US tariffs

US Supreme Court strikes down Trump’s tariffs, calls it beyond his ‘legitimate reach’

US President Donald Trump imposed a number of tariffs under the International Emergency Economic Powers Act of 1977, a law that had never been used for such action previously.

Bangladesh strikes trade deal with US, gets exemption on textile exports made with American cotton

Deal once notified will also see Dhaka commit to purchasing 25 Boeing aircraft, as well as increase its energy imports to roughly $1 billion annually for the next 15 years.

India to eliminate or reduce tariffs on American industrial goods, and some agricultural products

Joint statement issued by India and the US Friday highlights broad contours of the interim agreement to the trade deal. US to eliminate tariffs to zero in pharmaceuticals and gems and diamonds.

India says US to remove 25% penalty for Russia oil purchases: Bloomberg report

President Donald Trump announced on Monday that the US and India reached a trade deal to cut the reciprocal tariff from 25% to 18%.

Sitharaman announces integrated textile programme. What it means for businesses, artisans

The programme has five sub-parts, including the National Fibre Scheme for self-reliance in natural fibres, man-made fibres, and new-age fibres.

Trump tariffs, import dependence are holding back America’s manufacturing renaissance

Better tax, regulatory, and monetary policy should indeed provide a tailwind for manufacturing, but the sector will probably continue to struggle.

India has 7.4% growth, but faltering tax revenue could have implications in coming fiscal year

In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.

Trump dials up pressure on Tehran—25% tariff to be imposed on countries doing business with Iran

The US President posted on social media on Monday that the new duty would be 'effective immediately', without providing details about the scope or implementation of the charges.

Trump’s trade tariffs face the Supreme Court test. What to know

A ruling against Trump would set the stage for potential legal fights over refunds in tariffs paid by importers. Over 1,000 companies are already lined up in court.

Global economic growth to slow in 2026 as Trump’s tariffs bite, UN says

The global economy is forecast to expand 2.7% this year, down from an estimated 2.8% in 2025. Growth is expected to go back up to 2.9% by 2027.

On Camera

Nick Jonas wearing a mangalsutra is validation for many Indians. He’s our favourite jiju

Nick Jonas is not trying to modernise the mangalsutra, but his gesture shows that choices can be equal. If commitment must be flaunted, it need not be gendered.

In the West, there’s anxiety. In India, optimism—Rishi Sunak says India poised to be leader in AI

On Wednesday, the former UK Prime Minister Rishi Sunak was speaking in New Delhi at a Carnegie & Observer Research Foundation event on AI.

Suspected brake failure leads to Tejas accident after landing, airframe likely to be written off

The IAF, so far, remains mum on this accident which has led to grounding of the fleet for safety checks.

No country is ever fully sovereign. Cold War era taught India its real meaning

India’s fraught neighbourhood places multiple constraints on its strategic choices. It leaves no time to take a deep breath, lean back and reset.