Trump Hikes Tariffs to 15% on All Countries After Supreme Court Ruling
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News18•21-02-2026, 22:45
Trump Hikes Tariffs to 15% on All Countries After Supreme Court Ruling
•US President Donald Trump announced a tariff hike to 15% on all countries, effective immediately, following a Supreme Court verdict against his earlier sweeping tariffs.
•This decision comes after Trump initially imposed a 10% tariff on all countries, including India, effective February 24 for 150 days, due to the Supreme Court ruling.
•Trump cited the Supreme Court's decision as 'ridiculous' and 'anti-American,' stating the 15% hike is the 'fully allowed, and legally tested' level.
•The Indian government is studying the implications of these tariffs, while the US Supreme Court had ruled Trump's previous tariffs illegal, exceeding his authority.
•The move introduces significant uncertainty into global trade relations, with India's trade deal with the US potentially recalibrated, despite earlier agreements to reduce tariffs.
