US President Donald Trump's sweeping tariff strategy has suffered one of its biggest legal and financial setbacks after the US Supreme Court struck down key tariffs imposed under the IEEPA. The landmark ruling concluded that the law did not grant the President unilateral authority to impose broad trade tariffs using emergency powers, dealing a major blow to one of Trump's signature economic policies. Following the verdict, the Trump administration has already returned nearly $100 billion in tariff collections to importers through the US Treasury, with US CBP confirming that refunds including interest have reached a major milestone. Court filings indicate that more than half of the invalidated tariff revenue has already been reimbursed, while additional payments are expected in the coming months. WATCH

A fresh cross-border peace initiative has brought together 117 prominent voices from India and Pakistan, urging Prime Minister Narendra Modi and Pakistani Prime Minister Shehbaz Sharif to resume dialogue and work towards restoring normal bilateral relations. The appeal, issued by the Centre for Peace and Progress, argues that sustained engagement remains the only viable path to addressing longstanding differences between the two neighbours. The signatories say continued dialogue is essential for regional stability, economic cooperation and securing a better future for younger generations on both sides of the border. The joint statement has been endorsed by several well-known political leaders, diplomats, academics and public figures from both countries. Among the Indian signatories are Farooq Abdullah, Mirwaiz Umar Farooq and Mehbooba Mufti, while former Pakistani Foreign Minister Khurshid Mahmud Kasuri is among the prominent voices supporting the initiative. WATCH