Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
On President Trump's contentious use of the International Emergency Economic Powers Act (IEEPA) to levy broad "Liberation Day" tariffs of 10-50% on imports from most nations, along with other duties on Canada, Mexico, and China connected to fentanyl trafficking and trade imbalances, the U.S. Supreme Court is set to rule as early as Friday, January 10, 2026. Lower courts have already concluded that Trump overstepped his authority as IEEPA does not expressly grant the power to levy tariffs—a field constitutionally reserved for Congress—thereby setting the stage for this important appeal.
A decision against the government could invalidate the tariffs, setting off possible refunds totaling more than $133.5 billion in levied duties and severely weakening Trump's protectionist trade platform. The White House has, however, contingency plans including moving to other powers like Sections 301 and 122 of the Trade Act or Section 232 national security provisions with Treasurer Secretary Scott Bessent expressing optimism about keeping or quickly reintroducing comparable actions.
Markets are on edge, with importers mapping IEEPA exposures for possible refund claims and analysts monitoring for a decisive outcome on tariff legality, alongside broader impacts on bond markets and revenue streams. President Trump has vehemently defended the tariffs as vital for national security and economic prosperity, cautioning that their invalidation would create major hazards
