New Delhi, Nov. 3 -- The U.S. Supreme Court will hear a crucial case on November 5 that could redefine presidential authority over trade and reshape global economic relations.

The case, Learning Resources Vs Trump, will decide whether a U.S. president can use emergency powers under the International Emergency Economic Powers Act (IEEPA) to impose tariffs without congressional approval.

The outcome could have sweeping implications for Donald Trump's "Liberation Day" tariffs and for global trade policy.

According to a note by the Global Trade Research Initiative (GTRI), if the Supreme Court rules against Trump, it could force the administration to withdraw tariffs imposed under IEEPA.

It stated "Such a ruling would mean all "Liberation ...