Trump Hikes Global Tariff To 15% After Supreme Court's Ruling Against Levies

In a significant policy shift, US President Donald Trump has announced an increase in global tariffs to 15%. This decision was communicated via a post on his social media platform, Truth Social. The timing of the announcement is critical, as it follows a recent ruling by the US Supreme Court which deemed certain levies unconstitutional. The hike in tariffs is expected to impact international trade, with potential repercussions for economies around the world, including India. Analysts suggest that this move may escalate trade tensions and lead to retaliatory measures from affected nations. The Trump administration has long advocated for protectionist policies aimed at boosting American manufacturing, but this escalation raises concerns about a possible trade war. As countries adjust to the new tariffs, businesses and consumers alike may face increased prices on imported goods, prompting discussions on the broader implications for global economic stability.