Hello,The verdict is in: tariffs are out.The US Supreme Court ruled to strike down President Donald Trump’s sweeping tariffs, and said that he exceeded his authority by invoking a federal emergency-powers law to impose his global reciprocal levies. The ruling brought much cheer to the retail markets, easing worries that tariffs would hurt the economic growth outlook and company earnings.So, what now? Well, if Trump does choose to pursue alternative legislation to reinstate tariffs, there are still avenues—albeit with major caveats, and none of the leeway of the law previously being invoked. Closer to home, India formally joined a US-led coalition to protect supply chains. The alliance, which includes countries such as Japan, South Korea, the UK and Israel, aims to strengthen critical minerals supply chains and deepen AI cooperation.Even amid a supply crunch, OpenAI appears to be keeping its cool. The ChatGPT maker said it has visibility into what it is going to need regarding chip supply, while emphasising the need for international cooperation on AI governance, according to a Bloomberg report. Lastly, Peak XV Partners is betting big on its India and APAC ventures, closing $1.3 billion in capital commitments to invest across its India Seed, India Venture, and APAC funds.‘Tis… Read MoreYourStory RSS Feed
