Trump Hikes Global Tariffs From 10% To 15% Day After Big Supreme Court Order

US President Donald Trump on Saturday raised the global tariffs from 10 per cent to 15 per cent after a big setback in the Supreme Court on Friday.

Taking to Truth Social, Trump wrote, "Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been “ripping” the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level."

"During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again - GREATER THAN EVER BEFORE!!! Thank you for your attention to this matter," he added.

Supreme Court Strikes Down Trump Tariffs

In a major setback for US President Donald Trump, the Supreme Court on Friday struck down sweeping tariffs imposed by his administration, ruling that the president had exceeded his authority by using emergency powers meant for national crises. The court said Trump relied on a law designed for national emergencies to justify broad trade tariffs, which judges concluded went beyond presidential powers.

Why Did Supreme Court Strike Down Trump Tariffs?

The administration had imposed tariffs under the International Emergency Economic Powers Act (IEEPA), a law used during extraordinary national emergencies. The Supreme Court ruled that the use of this law to impose wide-ranging trade tariffs was an overreach of executive authority.



from NDTV News- Special https://ift.tt/ScgxXiz

Karnataka BJP MLA Chandru Lamani Arrested In Bribery Case

Bharatiya Janata Party (BJP) MLA Chandru Lamani, representing the Shirahatti Assembly constituency, was caught red handed and taken into custody by the Karnataka Lokayukta on Saturday in connection with an alleged bribery case in Laxmeshwar town of Karnataka's Gadag district, the official statement by the Lokayukta said.

The development is seen as a setback to the BJP, which targeted the Congress-led government in the state for demanding bribes, commissions from contractors and not releasing their payment.

The Karnataka Lokayukta said that a successful trap has been laid down by Gadag Karnataka Lokayukta Police under the Section 7 (a) read with 7 (A) of the Prevention of the Corruption Act.

The accused is secured and further investigation is progress, the Lokayukta added.

The Lokayukta team caught BJP MLA Lamani while he was allegedly accepting Rs 5 lakh from a contractor as part of a larger bribe demand.

His government personal assistant, Manjunath Valmiki, and private assistant, Guru Lamani, were also detained and questioned during the operation, the official statement by the Lokayukta added.

According to Karnataka Lokayukta, MLA Chandru Lamani had allegedly demanded Rs 11 lakh from a Class One contractor, identified as Vijay Poojar, in connection with the allotment of a contract under the Minor Irrigation Department.

The bribe was reportedly linked to roadside wall construction work of retaining wall on both sides of the road, Lokayukta officials said.

The operation was conducted under the leadership of Dharwad Lokayukta Superintendent of Police Siddalingappa.

Officials are said to have laid a trap and apprehended the MLA Chandru Lamani and his aides while they were accepting Rs 5 lakh as part of the alleged deal.

Following the trap, Lokayukta officials also carried out a search at the Balaji Hospital in Laxmeshwar town, which is owned by MLA Chandru Lamani.

Further investigation into the case is underway.

More details are yet to emerge regarding the incident.

Madal Virupakshappa, former Karnataka BJP MLA, was arrested in a bribery case in 2023.

The Lokayukta Police had tracked BJP MLA to Channagiri town in Davanagere district, where he was to address a public meeting.

MLA Virupakshappa allegedly evaded police before being intercepted at a toll gate near Bengaluru.

His anticipatory bail was rejected by the Karnataka High Court.

The BJP MLA was named as the main accused in the bribery scam in Karnataka State Soaps and Detergents Limited (KSDL).

MLA Virupakshappa was named the main accused in a corruption case lodged by the Karnataka Lokayukta after his son was caught taking a bribe of Rs 40 lakh.

In the raids that followed, Lokayukta authorities recovered Rs 6.1 crore in cash from his Sanjay Nagar residence and Rs 2.2 crore from his office.

A total of Rs 8.23 crore in cash, a huge quantity of gold and silver ornaments, and large investments in land in Karnataka were uncovered.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



from NDTV News- Special https://ift.tt/f15tJqX

Tilak To Be Dropped For South Africa Clash? Suryakumar Gives Clear Answer

Tilak Varma's scrappy batting in all four league games of the T20 World Cup hasn't gone unnoticed but skipper Suryakumar Yadav dismissed suggestions about replacing him, as the role that he is performing is on directive of the team management. Tilak, whose career strike-rate is 141 plus, has seen it dipping to 120s as he has been found struggling against slow bowlers on tracks where the ball is gripping a tad more. Unlike his skipper Suryakumar, who also drops anchor at times, Tilak hasn't been able to switch gears with only 11 boundaries and three sixes to his credit across four games.

"I mean I have told him, the team management has told him that he has to bat that way. If one wicket is down, then he is definitely, he can go and have his own game in the powerplay.

"But as soon as two wickets are down, then he has to take a little bit of backseat, get a partnership again, get to the 10th over and then we have enough firepower to continue and take on the bowling," the Indian skipper explained the rationale behind the approach although it wasn't exactly convincing.

But Suryakumar said that even Tilak has set higher standards for himself.

"Definitely I am sure he must not be happy with how he is batting right now, I am sure. He must be and he has practised a lot as well in the last 2-3 practice sessions. But I don't have any concern regarding him. He has been delivering for India at No. 3 really well and I am very confident that he will do it better." Suryakumar literally laughed off suggestions that there could be a chance of replacing Tilak with Sanju Samson.

"You mean, I should make him (Samson) play for Tilak?," he laughed. "It's going well in powerplay. We're making 40-50 runs. That's normal cricket. Now we've played so well in bilaterals. It happens. We also have expectations from ourself. Expectation to make 220, 240, 250," he said.

"But wickets are a little different here. The four wickets we have played on so far were a little different and challenging. Off-spinners were not bowling earlier but are bowling now. So we have started preparation for that and hopefully we will tackle it as we start our Super 8 journey." However Suryakumar is very satisfied with his bowling unit which keeps him in the game even during par-scores like 175-180.

"I do take a lot of pride in my bowling unit. I know that on a given day, if we ever make 170, 175, or 180 because of the high risk, high reward game we are trying to play, then we have a good bowling attack which can save the match, it can win that game," he said.

"Look, I never thought that this team will make scores like 250, 270, 220, 230. But the way we're playing cricket now, you'll see in the future, if you see a start, then after that, everyone bats with the same template. But the day you don't get a start, that day you have to think about what the team needs." There could be dew here on Sunday but Suryakumar feels toss is an over-rated concept right now.

"I think, what I feel is toss is little bit overrated now. If you see this tournament also, lot of teams are winning the toss and also batting first in different venues. We got to bat first in all the four games. I lost, I think, three tosses out of four.

"So, if you bat well in the first innings, even if there is dew, you still have an opportunity to go out and defend if you have confidence in your bowling unit. I don't think toss will matter a lot, but still we will see tomorrow what we want to do," he said.

One question that was certain to crop up was 'Law of Averages' catching up with a well-oiled team and Suryakumar didn't want to entertain those thoughts.

"We don't think about it that much. Like I said, we try to stay in the present. We win so many games, but that is history now. And if you think about which game you're playing on that given day, if you think about that, it's not easy, it's difficult.

"Because sometimes when you play good cricket, then from here and there, like you said, law of average, you can hear the voice. But, it's okay, but we try to avoid that thing a little bit," the skipper concluded.



from NDTV News- Special https://ift.tt/3I1ExHw

Watch: Gurugram Man, 31, Shares Rs 2.44 Lakh Monthly Expense Breakdown

A 31-year-old corporate professional from Gurugram has sparked online discussion after sharing his monthly expenditure of over Rs 2.4 lakh. In a now-viral video titled ‘Monthly spends of corporate gym rat living in Gurgaon,' Gagan Saini detailed his January outgoings, ranging from rent and groceries to long-term investments.

Saini detailed that he was living in a 2.5 BHK flat in the Millennium City, with the rent coming around Rs 53,500. He said, although the rent was not cheap, his priorities had shifted post-marriage and comfort, location and safety came first. As for cook, maid and car cleaning, he was shelling out Rs 8,450 per month.

Being a regular at the gym, Saini said he was spending Rs 8,682 on membership and supplements, which also inflated his grocery costs to Rs 15,927 as he preferred to cook most of the meals at home. The homemade meals greatly reduced his eating-out tendencies, which meant that the dine-out bill stood at Rs 3,161.

Saini added that he was renting most of the furniture in his flat at a monthly cost of Rs 18,926, while home decor to make the space feel cosy set him back by Rs 4,848. Wi-fi and other OTT subscriptions increased the expenses by another Rs 1,728, and petrol cost him Rs 6,000.

"Home setup is still in progress so rented fridge and washing machine for now, but yes, got the recliner. Small home and kitchen touches to make the space feel like ours," he wrote.

As a content creator, Saini said he spent Rs 4,022 on buying some equipment and professional software subscriptions, whilst investing Rs 1,20,000. In the end, his total expenses for the month of January came to around Rs 2,44,244.

Check The Viral Post Here:

Also Read | Viral Baby Monkey Punch Finally Accepted By His Troop With Heartwarming Hug

Social Media Reacts

As of the last update, the video had garnered over 171,000 views, as social media users joked that Saini's monthly expenses far exceeded their annual salaries.

"This is the annual package at our college," said one user while another added: "Bro, the amount you have spent is not even the salary of most people."

A third commented: "Apart from rent, everything else is pretty reasonable, good to know you are spending a good amount on your diet and stay."

A fourth said: "Seeing your rent made my heart sink. I feel lucky that I don't have to pay any rent. Rest everything is good."



from NDTV News- Special https://ift.tt/UreQuah

Trump Says He Will Reimpose Tariffs. Here's How He Could Do It

In a major setback for US President Donald Trump, the Supreme Court on Friday struck down sweeping tariffs imposed by his administration, ruling that the president had exceeded his authority by using emergency powers meant for national crises. The court said Trump relied on a law designed for national emergencies to justify broad trade tariffs, which judges concluded went beyond presidential powers.

However, the ruling may not mark the end of Trump's tariff agenda. In his first remarks after the ruling, Trump said, "Today I will sign an order to impose a 10% global tariff under Section 122, over and above our normal tariffs already being charged and we're also initiating several Section 301 and other investigations to protect our country from unfair trading practices of other countries and companies."

Section 122 of the Trade Act of 1974 is the fastest temporary option available for Trump. It allows tariffs of up to 15 per cent to address a large and serious balance-of-payments deficit. However, the authority lasts only 150 days unless Congress approves an extension. This could be a short-term solution till Trump administration finds a more permanent loophole.

One other law Trump can use is Section 232 of the Trade Expansion Act of 1962. This provision allows tariffs if imports are deemed a threat to national security. Trump previously used this law to impose tariffs on steel and aluminium during his first presidency. Unlike the tariffs struck down by the court, trade duties under Section 232 remain legally intact.
To impose duties under this provision, a Commerce Department investigation is required, which can last for up to 270 days but offers a more durable legal foundation.

Another provision at Trump's disposal is Section 301 of the Trade Act of 1974, which allows the United States to target countries accused of unfair trade practices. This law has often been used against China and permits tariffs that can remain in place indefinitely following an investigation by the US Trade Representative. 

A never-used-before option, Section 338 of the Tariff Act of 1930, allows tariffs of up to 50 per cent against countries seen as discriminating against American goods. No investigation is required, and there's no limit on how long the tariffs can stay in place. Trump officials in past have indicated that they will use this provision in case of a setback at the US Supreme Court.

Besides these provisions, officials have also discussed a workaround involving import licenses. This will require importers to obtain licences carrying fees to bring goods into the United States.

This possibility was also discussed during oral arguments of the Trump tariff case. But it was implied that if licensing fees function like taxes, they could again be ruled unconstitutional because taxation powers belong to Congress.

Why Did Supreme Court Strike Down Trump Tariffs?

The administration had imposed tariffs under the International Emergency Economic Powers Act (IEEPA), a law used during extraordinary national emergencies. The Supreme Court ruled that the use of this law to impose wide-ranging trade tariffs was an overreach of executive authority.

Despite the setback, the White House had anticipated the ruling. US Trade Representative Jamieson Greer told The New York Times last month that officials were ready to act quickly if the court ruled against them. We will "start the next day", to reestablish tariffs "to respond to the problems the president has identified," Greer said.

He added that advisers had already presented multiple legal options to achieve Trump's trade goals. "The reality is the president is going to have tariffs as part of his trade policy going forward," Greer said.

Still, it remains unclear how fast new tariffs could be implemented.



from NDTV News- Special https://ift.tt/1Hleybk

"Fools And Lapdogs": Trump's All-Out Attack On Judges After Tariffs Order

Speaking at the White House after the Supreme Court ruled his global tariffs illegal, US President Donald Trump said that the ruling was "deeply disappointing". He attacked the justices involved in the ruling and said that he was "ashamed" of "certain members of the court for not having the courage to do what's right for our country".

He then thanked and congratulated justices Thomas, Alito and Kavanaugh, who dissented, for their "strength and wisdom".

The Republican leader in his speech also accused the Supreme Court of being "swayed by foreign interests".

"I won by millions of votes... but these people are obnoxious, ignorant and loud. And I think certain justices are afraid of that, they don't want to do the right thing", he said.

Two Supreme Court justices nominated by Trump in his first term, ruled against him in the case.



from NDTV News- Special https://ift.tt/uarMiVB

"Disgrace": Trump Slams Supreme Court Order Striking Down Tariffs

US President Donald Trump has reacted after the Supreme Court struck down his global tariffs and called it a "disgrace" during a meeting with state governors. The ruling handed the Republican leader a significant loss on an issue important to his economic agenda.

In a 6-3 vote, the judges found that the 1977 law known as the International Emergency Economic Powers Act (IEEPA) does not authorise the imposition of duties. 

Trump has long relied on tariffs as a lever for diplomatic pressure and negotiations, he made unprecedented use of emergency economic powers in his second term to slap new duties on virtually all US trading partners.

Former Vice President Mike Pence, who served during Trump's first term, cheered the ruling and wrote on social media, "American families and American businesses pay American tariffs - not foreign countries. With this decision, American families and businesses can breathe a sigh of relief."

On Thursday, Trump complained that he had to justify his use of tariffs to the Supreme Court in a speech at a Georgia steel company. 

"I have to wait for this decision. I've been waiting forever, forever, and the language is clear that I have the right to do it as president," he said. "I have the right to put tariffs on for national security purposes, countries that have been ripping us off for years."

New research tied to one of America's leading banks found on Thursday that tariffs paid by midsize US businesses tripled over the course of the past year.

The additional taxes have meant that companies that employ a combined 48 million people in the US - the kinds of businesses that Trump had promised to revive - have had to find ways to absorb the new expense by passing it along to customers in the form of higher prices, employing fewer workers or accepting lower profits.

Trump's tariffs - not all of which were overturned - were expected to generate $3 trillion in revenues over 10 years, according to the Congressional Budget Office. That sum is large, but it would be insufficient to cover the costs of the projected deficits.

The Supreme Court has not ruled on how any refund process would work.

(With inputs from agencies)



from NDTV News- Special https://ift.tt/GT6hfpa

Trump Hikes Global Tariffs From 10% To 15% Day After Big Supreme Court Order

US President Donald Trump on Saturday raised the global tariffs from 10 per cent to 15 per cent after a big setback in the Supreme Court on ...

Popular Posts

Trump Hikes Global Tariffs From 10% To 15% Day After Big Supreme Court Order

US President Donald Trump on Saturday raised the global tariffs from 10 per cent to 15 per cent after a big setback in the Supreme Court on Friday.

Taking to Truth Social, Trump wrote, "Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been “ripping” the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level."

"During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again - GREATER THAN EVER BEFORE!!! Thank you for your attention to this matter," he added.

Supreme Court Strikes Down Trump Tariffs

In a major setback for US President Donald Trump, the Supreme Court on Friday struck down sweeping tariffs imposed by his administration, ruling that the president had exceeded his authority by using emergency powers meant for national crises. The court said Trump relied on a law designed for national emergencies to justify broad trade tariffs, which judges concluded went beyond presidential powers.

Why Did Supreme Court Strike Down Trump Tariffs?

The administration had imposed tariffs under the International Emergency Economic Powers Act (IEEPA), a law used during extraordinary national emergencies. The Supreme Court ruled that the use of this law to impose wide-ranging trade tariffs was an overreach of executive authority.



from NDTV News- Special https://ift.tt/ScgxXiz

Karnataka BJP MLA Chandru Lamani Arrested In Bribery Case

Bharatiya Janata Party (BJP) MLA Chandru Lamani, representing the Shirahatti Assembly constituency, was caught red handed and taken into custody by the Karnataka Lokayukta on Saturday in connection with an alleged bribery case in Laxmeshwar town of Karnataka's Gadag district, the official statement by the Lokayukta said.

The development is seen as a setback to the BJP, which targeted the Congress-led government in the state for demanding bribes, commissions from contractors and not releasing their payment.

The Karnataka Lokayukta said that a successful trap has been laid down by Gadag Karnataka Lokayukta Police under the Section 7 (a) read with 7 (A) of the Prevention of the Corruption Act.

The accused is secured and further investigation is progress, the Lokayukta added.

The Lokayukta team caught BJP MLA Lamani while he was allegedly accepting Rs 5 lakh from a contractor as part of a larger bribe demand.

His government personal assistant, Manjunath Valmiki, and private assistant, Guru Lamani, were also detained and questioned during the operation, the official statement by the Lokayukta added.

According to Karnataka Lokayukta, MLA Chandru Lamani had allegedly demanded Rs 11 lakh from a Class One contractor, identified as Vijay Poojar, in connection with the allotment of a contract under the Minor Irrigation Department.

The bribe was reportedly linked to roadside wall construction work of retaining wall on both sides of the road, Lokayukta officials said.

The operation was conducted under the leadership of Dharwad Lokayukta Superintendent of Police Siddalingappa.

Officials are said to have laid a trap and apprehended the MLA Chandru Lamani and his aides while they were accepting Rs 5 lakh as part of the alleged deal.

Following the trap, Lokayukta officials also carried out a search at the Balaji Hospital in Laxmeshwar town, which is owned by MLA Chandru Lamani.

Further investigation into the case is underway.

More details are yet to emerge regarding the incident.

Madal Virupakshappa, former Karnataka BJP MLA, was arrested in a bribery case in 2023.

The Lokayukta Police had tracked BJP MLA to Channagiri town in Davanagere district, where he was to address a public meeting.

MLA Virupakshappa allegedly evaded police before being intercepted at a toll gate near Bengaluru.

His anticipatory bail was rejected by the Karnataka High Court.

The BJP MLA was named as the main accused in the bribery scam in Karnataka State Soaps and Detergents Limited (KSDL).

MLA Virupakshappa was named the main accused in a corruption case lodged by the Karnataka Lokayukta after his son was caught taking a bribe of Rs 40 lakh.

In the raids that followed, Lokayukta authorities recovered Rs 6.1 crore in cash from his Sanjay Nagar residence and Rs 2.2 crore from his office.

A total of Rs 8.23 crore in cash, a huge quantity of gold and silver ornaments, and large investments in land in Karnataka were uncovered.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



from NDTV News- Special https://ift.tt/f15tJqX

Tilak To Be Dropped For South Africa Clash? Suryakumar Gives Clear Answer

Tilak Varma's scrappy batting in all four league games of the T20 World Cup hasn't gone unnoticed but skipper Suryakumar Yadav dismissed suggestions about replacing him, as the role that he is performing is on directive of the team management. Tilak, whose career strike-rate is 141 plus, has seen it dipping to 120s as he has been found struggling against slow bowlers on tracks where the ball is gripping a tad more. Unlike his skipper Suryakumar, who also drops anchor at times, Tilak hasn't been able to switch gears with only 11 boundaries and three sixes to his credit across four games.

"I mean I have told him, the team management has told him that he has to bat that way. If one wicket is down, then he is definitely, he can go and have his own game in the powerplay.

"But as soon as two wickets are down, then he has to take a little bit of backseat, get a partnership again, get to the 10th over and then we have enough firepower to continue and take on the bowling," the Indian skipper explained the rationale behind the approach although it wasn't exactly convincing.

But Suryakumar said that even Tilak has set higher standards for himself.

"Definitely I am sure he must not be happy with how he is batting right now, I am sure. He must be and he has practised a lot as well in the last 2-3 practice sessions. But I don't have any concern regarding him. He has been delivering for India at No. 3 really well and I am very confident that he will do it better." Suryakumar literally laughed off suggestions that there could be a chance of replacing Tilak with Sanju Samson.

"You mean, I should make him (Samson) play for Tilak?," he laughed. "It's going well in powerplay. We're making 40-50 runs. That's normal cricket. Now we've played so well in bilaterals. It happens. We also have expectations from ourself. Expectation to make 220, 240, 250," he said.

"But wickets are a little different here. The four wickets we have played on so far were a little different and challenging. Off-spinners were not bowling earlier but are bowling now. So we have started preparation for that and hopefully we will tackle it as we start our Super 8 journey." However Suryakumar is very satisfied with his bowling unit which keeps him in the game even during par-scores like 175-180.

"I do take a lot of pride in my bowling unit. I know that on a given day, if we ever make 170, 175, or 180 because of the high risk, high reward game we are trying to play, then we have a good bowling attack which can save the match, it can win that game," he said.

"Look, I never thought that this team will make scores like 250, 270, 220, 230. But the way we're playing cricket now, you'll see in the future, if you see a start, then after that, everyone bats with the same template. But the day you don't get a start, that day you have to think about what the team needs." There could be dew here on Sunday but Suryakumar feels toss is an over-rated concept right now.

"I think, what I feel is toss is little bit overrated now. If you see this tournament also, lot of teams are winning the toss and also batting first in different venues. We got to bat first in all the four games. I lost, I think, three tosses out of four.

"So, if you bat well in the first innings, even if there is dew, you still have an opportunity to go out and defend if you have confidence in your bowling unit. I don't think toss will matter a lot, but still we will see tomorrow what we want to do," he said.

One question that was certain to crop up was 'Law of Averages' catching up with a well-oiled team and Suryakumar didn't want to entertain those thoughts.

"We don't think about it that much. Like I said, we try to stay in the present. We win so many games, but that is history now. And if you think about which game you're playing on that given day, if you think about that, it's not easy, it's difficult.

"Because sometimes when you play good cricket, then from here and there, like you said, law of average, you can hear the voice. But, it's okay, but we try to avoid that thing a little bit," the skipper concluded.



from NDTV News- Special https://ift.tt/3I1ExHw

Watch: Gurugram Man, 31, Shares Rs 2.44 Lakh Monthly Expense Breakdown

A 31-year-old corporate professional from Gurugram has sparked online discussion after sharing his monthly expenditure of over Rs 2.4 lakh. In a now-viral video titled ‘Monthly spends of corporate gym rat living in Gurgaon,' Gagan Saini detailed his January outgoings, ranging from rent and groceries to long-term investments.

Saini detailed that he was living in a 2.5 BHK flat in the Millennium City, with the rent coming around Rs 53,500. He said, although the rent was not cheap, his priorities had shifted post-marriage and comfort, location and safety came first. As for cook, maid and car cleaning, he was shelling out Rs 8,450 per month.

Being a regular at the gym, Saini said he was spending Rs 8,682 on membership and supplements, which also inflated his grocery costs to Rs 15,927 as he preferred to cook most of the meals at home. The homemade meals greatly reduced his eating-out tendencies, which meant that the dine-out bill stood at Rs 3,161.

Saini added that he was renting most of the furniture in his flat at a monthly cost of Rs 18,926, while home decor to make the space feel cosy set him back by Rs 4,848. Wi-fi and other OTT subscriptions increased the expenses by another Rs 1,728, and petrol cost him Rs 6,000.

"Home setup is still in progress so rented fridge and washing machine for now, but yes, got the recliner. Small home and kitchen touches to make the space feel like ours," he wrote.

As a content creator, Saini said he spent Rs 4,022 on buying some equipment and professional software subscriptions, whilst investing Rs 1,20,000. In the end, his total expenses for the month of January came to around Rs 2,44,244.

Check The Viral Post Here:

Also Read | Viral Baby Monkey Punch Finally Accepted By His Troop With Heartwarming Hug

Social Media Reacts

As of the last update, the video had garnered over 171,000 views, as social media users joked that Saini's monthly expenses far exceeded their annual salaries.

"This is the annual package at our college," said one user while another added: "Bro, the amount you have spent is not even the salary of most people."

A third commented: "Apart from rent, everything else is pretty reasonable, good to know you are spending a good amount on your diet and stay."

A fourth said: "Seeing your rent made my heart sink. I feel lucky that I don't have to pay any rent. Rest everything is good."



from NDTV News- Special https://ift.tt/UreQuah

Trump Says He Will Reimpose Tariffs. Here's How He Could Do It

In a major setback for US President Donald Trump, the Supreme Court on Friday struck down sweeping tariffs imposed by his administration, ruling that the president had exceeded his authority by using emergency powers meant for national crises. The court said Trump relied on a law designed for national emergencies to justify broad trade tariffs, which judges concluded went beyond presidential powers.

However, the ruling may not mark the end of Trump's tariff agenda. In his first remarks after the ruling, Trump said, "Today I will sign an order to impose a 10% global tariff under Section 122, over and above our normal tariffs already being charged and we're also initiating several Section 301 and other investigations to protect our country from unfair trading practices of other countries and companies."

Section 122 of the Trade Act of 1974 is the fastest temporary option available for Trump. It allows tariffs of up to 15 per cent to address a large and serious balance-of-payments deficit. However, the authority lasts only 150 days unless Congress approves an extension. This could be a short-term solution till Trump administration finds a more permanent loophole.

One other law Trump can use is Section 232 of the Trade Expansion Act of 1962. This provision allows tariffs if imports are deemed a threat to national security. Trump previously used this law to impose tariffs on steel and aluminium during his first presidency. Unlike the tariffs struck down by the court, trade duties under Section 232 remain legally intact.
To impose duties under this provision, a Commerce Department investigation is required, which can last for up to 270 days but offers a more durable legal foundation.

Another provision at Trump's disposal is Section 301 of the Trade Act of 1974, which allows the United States to target countries accused of unfair trade practices. This law has often been used against China and permits tariffs that can remain in place indefinitely following an investigation by the US Trade Representative. 

A never-used-before option, Section 338 of the Tariff Act of 1930, allows tariffs of up to 50 per cent against countries seen as discriminating against American goods. No investigation is required, and there's no limit on how long the tariffs can stay in place. Trump officials in past have indicated that they will use this provision in case of a setback at the US Supreme Court.

Besides these provisions, officials have also discussed a workaround involving import licenses. This will require importers to obtain licences carrying fees to bring goods into the United States.

This possibility was also discussed during oral arguments of the Trump tariff case. But it was implied that if licensing fees function like taxes, they could again be ruled unconstitutional because taxation powers belong to Congress.

Why Did Supreme Court Strike Down Trump Tariffs?

The administration had imposed tariffs under the International Emergency Economic Powers Act (IEEPA), a law used during extraordinary national emergencies. The Supreme Court ruled that the use of this law to impose wide-ranging trade tariffs was an overreach of executive authority.

Despite the setback, the White House had anticipated the ruling. US Trade Representative Jamieson Greer told The New York Times last month that officials were ready to act quickly if the court ruled against them. We will "start the next day", to reestablish tariffs "to respond to the problems the president has identified," Greer said.

He added that advisers had already presented multiple legal options to achieve Trump's trade goals. "The reality is the president is going to have tariffs as part of his trade policy going forward," Greer said.

Still, it remains unclear how fast new tariffs could be implemented.



from NDTV News- Special https://ift.tt/1Hleybk

"Fools And Lapdogs": Trump's All-Out Attack On Judges After Tariffs Order

Speaking at the White House after the Supreme Court ruled his global tariffs illegal, US President Donald Trump said that the ruling was "deeply disappointing". He attacked the justices involved in the ruling and said that he was "ashamed" of "certain members of the court for not having the courage to do what's right for our country".

He then thanked and congratulated justices Thomas, Alito and Kavanaugh, who dissented, for their "strength and wisdom".

The Republican leader in his speech also accused the Supreme Court of being "swayed by foreign interests".

"I won by millions of votes... but these people are obnoxious, ignorant and loud. And I think certain justices are afraid of that, they don't want to do the right thing", he said.

Two Supreme Court justices nominated by Trump in his first term, ruled against him in the case.



from NDTV News- Special https://ift.tt/uarMiVB

"Disgrace": Trump Slams Supreme Court Order Striking Down Tariffs

US President Donald Trump has reacted after the Supreme Court struck down his global tariffs and called it a "disgrace" during a meeting with state governors. The ruling handed the Republican leader a significant loss on an issue important to his economic agenda.

In a 6-3 vote, the judges found that the 1977 law known as the International Emergency Economic Powers Act (IEEPA) does not authorise the imposition of duties. 

Trump has long relied on tariffs as a lever for diplomatic pressure and negotiations, he made unprecedented use of emergency economic powers in his second term to slap new duties on virtually all US trading partners.

Former Vice President Mike Pence, who served during Trump's first term, cheered the ruling and wrote on social media, "American families and American businesses pay American tariffs - not foreign countries. With this decision, American families and businesses can breathe a sigh of relief."

On Thursday, Trump complained that he had to justify his use of tariffs to the Supreme Court in a speech at a Georgia steel company. 

"I have to wait for this decision. I've been waiting forever, forever, and the language is clear that I have the right to do it as president," he said. "I have the right to put tariffs on for national security purposes, countries that have been ripping us off for years."

New research tied to one of America's leading banks found on Thursday that tariffs paid by midsize US businesses tripled over the course of the past year.

The additional taxes have meant that companies that employ a combined 48 million people in the US - the kinds of businesses that Trump had promised to revive - have had to find ways to absorb the new expense by passing it along to customers in the form of higher prices, employing fewer workers or accepting lower profits.

Trump's tariffs - not all of which were overturned - were expected to generate $3 trillion in revenues over 10 years, according to the Congressional Budget Office. That sum is large, but it would be insufficient to cover the costs of the projected deficits.

The Supreme Court has not ruled on how any refund process would work.

(With inputs from agencies)



from NDTV News- Special https://ift.tt/GT6hfpa