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    The Latest: Trump addresses press after Supreme Court strikes down his sweeping tariffs
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February 21, 2026
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Executive emergency tariff authority limited, prompting administration to pursue alternative statutory bases for imposing tariffs.
The Supreme Court concluded that the Constitution vests the taxing power in Congress and that the emergency statute invoked by the Executive does not authorize imposition of tariffs as revenue measures, constraining executive emergency tariff authority; the administration plans to rely on alternative statutory bases to replace the invalidated tariffs.
February 21, 2026
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Tariff policy remains central as the India trade arrangement continues despite judicial limits on tariff authority.
President Trump stated the bilateral trade arrangement with India remains in effect after the Supreme Court invalidated his broad tariffs, noting an Executive Order rescinded punitive tariffs on Indian oil imports from Russia and an Interim Agreement framework reduces reciprocal U.S. tariff treatment toward India while maintaining tariffs on Indian imports under the new terms; he framed tariffs as leverage for energy-sourcing commitments and de-escalation between India and Pakistan.
February 21, 2026
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IEEPA authority rejected, limiting tariff powers while administration decries the decision and cites geopolitical effects.
The Supreme Court held that the International Emergency Economic Powers Act does not authorize imposition of duties, constraining executive authority to impose tariffs under national emergencies; the President criticized the ruling and reiterated that tariffs were used as a foreign policy tool to end hostilities between India and Pakistan, a claim denied by India which attributes cessation to direct military talks.
February 21, 2026
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Global tariff authority challenged after court invalidated emergency-use tariffs; president plans executive-order, time-limited alternative.
A judicial body invalidated a broad presidential program of global tariffs as an unlawful exercise of emergency power, eliminating the administration's primary emergency-based mechanism for imposing unilateral worldwide duties. The president announced intent to use an alternative statutory authority via executive order that would impose time-limited tariffs restricted to 150 days, signaling a shift to a different administrative vehicle for trade measures.
February 21, 2026
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Emergency powers invalidation limits executive authority to impose unilateral tariffs, nullifying sweeping reciprocal import duties.
The executive's imposition of sweeping "reciprocal" import duties under a claimed emergency powers statute was found unlawful; the tariffs were invalidated because setting import duties required clear congressional authorization rather than unilateral emergency proclamations, signaling a legal limit on executive authority to alter statutory tariff schemes by emergency declaration.
February 21, 2026
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Judicial review of emergency tariff powers restores congressional tariff authority, affecting recently announced India-US trade concessions.
The US Supreme Court struck down President Trump's global tariffs imposed under emergency powers, finding tariff authority lies with Congress, thereby removing the legal basis for those sweeping reciprocal tariffs. Indian opposition leaders contend that a recently announced India-US trade framework contained concessions extracted while the tariffs were assumed valid, and they seek clarity on whether those commitments-covering tariff eliminations, import targets, energy sourcing, and non tariff barrier commitments-will persist or be revisited following the judgment.
February 20, 2026
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IEEPA authority invalidated - certain IEEPA based tariffs now refundable to importers who directly paid them.
IEEPA based tariffs were deemed impermissible, allowing refunds only to US importers of record or consignees who directly paid tariffs. Eligible tariffs include IEEPA imposed levies commonly termed fentanyl, trafficking, reciprocal or baseline tariffs, including certain tariffs on goods from Brazil and India. Refunds exclude duties imposed under other statutory authorities such as anti dumping, countervailing, trade remedy or national security provisions. The administrative procedure and timing for claims remain uncertain pending further court and executive guidance.
February 20, 2026
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Presidential emergency powers limited: IEEPA cannot be used to impose broad import tariffs, leaving refund questions open.
The Supreme Court concluded that the International Emergency Economic Powers Act does not authorize the president to impose broad import tariffs, stressing that authority to levy taxes and tariffs rests with Congress and that longstanding practice shows such power has not been exercised under IEEPA. The opinion invalidates tariffs enacted under emergency proclamations while leaving untouched tariffs based on other statutory grounds, and it leaves unresolved whether and how refunds should be returned to importers who paid the challenged levies.
February 20, 2026
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Presidential emergency tariff power invalidated, forcing alternative legal routes and prolonging trade and political uncertainty.
The Court held the president lacked authority to declare an economic emergency and impose sweeping import tariffs, removing an executive legal basis for those tariffs and forcing the administration to pursue alternative statutory mechanisms, which will prolong legal and political debate over trade policy.
February 20, 2026
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IEEPA authority curtailed: major emergency based tariffs invalidated, leaving sectoral trade measures and exemptions intact.
The President exceeded statutory authority by invoking IEEPA to impose broad import tariffs, nullifying core emergency based levies. Affected measures include the wide ranging "Liberation Day" tariffs, trafficking justified duties on Canada, Mexico and China, Brazil linked duties, and India related levies tied to Russian oil purchases. The decision removes the IEEPA route for economy wide tariffs but leaves intact sectoral and statute specific tools that continue to impose tariffs on selected industries and products.
February 20, 2026
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IEEPA authority struck down; partners unlikely to abandon recent tariff deals, administration to rely on other statutes.
The Supreme Court invalidated reliance on the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs, finding IEEPA does not authorize such duties. Observers anticipate the Administration will instead invoke clear congressional tariff statutes and that trading partners who made recent deals are unlikely to withdraw them, having expected alternative statutory mechanisms to keep tariffs in place.
February 20, 2026
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Emergency-powers tariff invalidation restores trade predictability for exporters, but sectoral steel and aluminium duties remain in force.
The US Supreme Court invalidated country-specific reciprocal tariffs imposed under emergency powers, restoring predictability for exporters and enabling importers to seek refunds for duties paid under the invalidated regime, while separate sector-specific duties on steel, aluminium and certain auto components remain in force.
February 20, 2026
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Tariff authority options: multiple statutory pathways remain for imposing import duties despite limits on emergency powers.
After the court rejected the administration's emergency-based authority for sweeping reciprocal tariffs, the president can still impose import duties using alternative statutes: the Trade Act unfair-practices authority permitting unlimited tariffs after investigation and hearings; the Trade Act provision for addressing unbalanced trade that allows time-limited tariffs without prior investigation but is untested; the national-security tariff authority under the Trade Expansion Act which requires Commerce investigations; and a rarely used Tariff Act depression-era authorisation that allows very high, indefinite tariffs without investigation.
February 20, 2026
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IEEPA authority questioned as tariffs ruled unauthorized; dissent stresses tariffs' foreign affairs leverage, including India example.
The decision holds that the International Emergency Economic Powers Act does not authorize the imposition of import duties, rejecting the use of IEEPA as a statutory basis for tariffs; a dissent argued such tariffs fall within foreign affairs practice, serve as leverage in international negotiations, and cautioned against applying a major questions constraint to executive statutory authority in national security and diplomatic contexts.
February 20, 2026
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Trade deals improve market access and spur investor confidence, supporting growth and fiscal consolidation momentum.
Trade agreements with the EU and an interim US deal are expected to improve market access, boost export competitiveness, and reverse investor sentiment with renewed foreign portfolio investment into equity and debt. Fiscal consolidation alongside stepped up capital expenditure aims to crowd in private investment and support state infrastructure. Concurrently, the Reserve Bank recorded consecutive spot market dollar sales amid rupee volatility and capital flow intermittency, while inflation is expected to remain near target, sustaining a favourable near term growth-inflation balance.
February 20, 2026
Show AI Summary
Emergency powers limits curb broad presidential tariffs, invalidating sweeping reciprocal trade measures and reshaping trade policy authority.
The Supreme Court found that tariffs enacted under asserted emergency statutory powers-including widely applied reciprocal tariffs-exceeded the President's lawful authority, clarifying statutory limits on unilateral tariff measures and signaling judicial constraints on executive use of emergency powers for sweeping trade regulation.
February 20, 2026
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Repo rate decision maintains neutral monetary stance as growth outlook brightens while inflation risks remain monitored.
The Monetary Policy Committee held the repo rate steady and retained a neutral stance, finding the current policy rate appropriate amid buoyant growth and broadly benign inflation. Members cited healthy medium term macroeconomic fundamentals and improving external outlook driven by trade agreements and fiscal measures, while noting persistent global volatility and risks to inflation. The MPC emphasized ongoing transmission of prior easing, awaited new GDP and inflation data series, and reaffirmed readiness to reassess policy as fresh data emerge.
February 20, 2026
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Money laundering allegations prompt former MD to surrender to custody after interim bail term expires in fraud-linked probe.
Allegations of money laundering and diversion of homebuyer funds form the basis of an ED investigation and FIRs alleging that two group companies misapplied project receipts, leaving residential projects incomplete and purchasers defrauded. The promoter was arrested, obtained interim bail, and later surrendered after a court denied regular bail, the court noting allegations of widespread cheating and criminal breach of trust. A related listed company filed a regulatory update confirming the director's surrender upon expiration of interim bail.
February 20, 2026
Show AI Summary
Policy rate maintained as appropriate: neutral monetary stance justified by buoyant growth and benign inflation.
The Monetary Policy Committee voted to maintain the existing policy repo rate and retain a neutral stance, finding the current policy rate appropriate given buoyant growth and benign inflation. The Governor noted healthy medium term macroeconomic fundamentals, while the Deputy Governor cited upward revisions to near term growth projections and incomplete transmission of earlier rate cuts as reasons to defer further easing until new GDP and inflation series data are available.
February 20, 2026
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Free trade agreements improving market access and export competitiveness, prompting investor confidence and supporting growth policy.
Free trade agreements with the EU and an interim pact with the US are expected to improve market access, enhance export competitiveness, and deepen Indian firms' integration into global value chains; this expectation has altered investor sentiment, prompting a return of foreign portfolio investment, while the Union Budget stresses fiscal consolidation alongside stepped up capital expenditure, and headline inflation remains benign under the revised CPI series.

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AccessifyLabs Appoints Abin Roy Choudhury as Chief Executive Officer to Accelerate Global Expansion and Enterprise Accessibility Leadership

February 19, 2026

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Hyderabad, Telangana, India – Business Wire India AccessifyLabs today announced the appointment of Abin Roy Choudhury as its Chief Executive Officer, marking a decisive new chapter of global expansion, enterprise engagement, and innovation-led growth. A three-time founder and seasoned SaaS growth leader, Abin brings more than 22 years of experience scaling enterprise technology and accessibility-driven solutions across APAC, MENA, North America, and Europe. His appointment reinforces AccessifyLabs’ strategic focus on positioning digital accessibility not merely as a compliance requirement, but as a core pillar of digital trust, governance architecture, and long-term enterprise value creation. Digital accessibility has evolved into a business-critical requirement that affects procurement processes, regulatory compliance, customer interactions, and engineering requirements. The design and development of products now depend on accessibility because digital platforms have become essential for business operations. Abin Roy Choudhury, CEO of AccessifyLabs, stated, “Accessibility has become essential for building digital trust and maintaining product quality and brand trustworthiness. Our organization aims to establish accessibility as a fundamental element of digital operations for businesses by integrating it into their processes for innovation, governance, and engineering activities to achieve measurable results in risk management, operational performance, and sustainable development.” Proven Enterprise Accessibility and Growth Leadership Abin is widely recognized as a global leader in enterprise accessibility and growth. Most recently, he served as Vice President of Sales, APAC at Deque Systems, where he built and scaled the regional accessibility business into a multi-million-dollar operation. His leadership drove adoption across highly regulated sectors, including banking and financial services, airlines, telecom, healthcare, and government. During his tenure, enterprises integrated accessibility into development lifecycles and governance frameworks aligned with WCAG 2.2, ADA, and Section 508, shifting accessibility from a reactive obligation to an operational discipline embedded within product teams. In parallel, Abin is the Founder & Chairman of Bivuti Technologies, an enterprise SaaS reseller and OEM delivery partner operating across India, the United States, and Europe, supporting AI driven scalable technology adoption. Recognized Voice in the Global Accessibility Community Beyond operational leadership, Abin is an active public speaker and advocate for digital inclusion. He has delivered keynote sessions and participated in strategic discussions at national and international forums, including Global Accessibility Awareness Day (GAAD) initiatives, India Banking Summit & Awards accessibility forums, National Conferences on Digital Accessibility for Persons with Disabilities, Government Policy Roundtables, and Industry Panels addressing accessibility in banking, financial inclusion, and accessible travel innovation. His work has helped advance accessibility as both a governance responsibility and a strategic business enabler. Abin is also the author of The Sales Innings and an alumnus of the Indian Institute of Management Calcutta. Scaling Enterprise Accessibility Across Global Markets Under Abin’s leadership, AccessifyLabs will deepen its enterprise advisory capabilities, strengthen accessibility governance frameworks, and expand its international footprint across regulated markets. The company will continue investing in integrated models spanning consulting, expert-led audits, remediation advisory, automation, documentation, and developer enablement. AccessifyLabs invites enterprises worldwide to partner in building inclusive digital futures, where accessibility strengthens innovation, trust, and long-term growth. About AccessifyLabs Founded in 2015, AccessifyLabs is a global digital accessibility and compliance partner helping enterprises embed digital accessibility into governance, engineering, and risk management frameworks. Serving SaaS companies, financial institutions, healthcare providers, government agencies, and other regulated sectors across the United States, Europe, APAC, and India, the company enables enterprises to move beyond compliance and build inclusive, trusted digital experiences at scale. AccessifyLabs delivers services-first accessibility solutions, including strategy consulting, expert WCAG 2.2 audits aligned to global regulations (ADA, Section 508, EN 301 549, EAA), VPAT/ACR documentation, remediation guidance, developer enablement, and enterprise training. Complementing its advisory expertise, the company provides an integrated technology suite for continuous compliance at scale—featuring automated testing and real-time monitoring embedded in development workflows, along with an advanced document engine that converts high-volume enterprise content into PDF/UA-compliant formats using intelligent tagging and AI-assisted remediation. For more information, visit: https://accessifylabs.com/. To View The Image, Click On The Link Below: Abin Roy Choudhury, Chief Executive Officer (CEO), AccessifyLabs (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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