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Shares of Tat Motors, Samvardhana Motherson and pharma companies will gain traction in Thursday's trade (May 29, 2025) as the US Court as a big step has blocked US President Donald Trump's 'Liberation Day' tariffs.
This is as the US Federal court hails 'Liberation Day' tariffs as illegal and prevented his plan of levying sweeping tariffs under emergency powers, doing away with the major part of his trade policy.
In a ruling made on Wednesday, the Court of International Trade with a three-judge panel declared the executive orders as illicit. As per the order, there was levied a 10 per cent baseline tariff on most of the goods imported into the US together with higher duties on imports from countries.
English (US) ·