Trump Ups the Ante: Tariffs Raised Amidst Supreme Court Showdown

US President Donald Trump has increased tariffs to 15% on imports, reacting to a Supreme Court decision against his economic strategy. The move impacts trade relations, primarily targeting countries like India. Ongoing trade negotiations are being re-evaluated due to these changes, complicating international business a landscape.

In a bold move, US President Donald Trump announced a hike in tariffs from 10% to 15% following a Supreme Court verdict against his controversial economic measures. This decision, imposed on imports from around the globe, further heightens already strained trade relations.

India, among the affected nations, is closely analyzing these new tariffs and their implications. Despite the setbacks, Trump maintains that the trade deal with India remains unchanged, while Indian authorities are set to meet with US counterparts to discuss the developments.

The Supreme Court ruling challenges Trump's efforts to re-establish economic dominance, leaving international trade dynamics uncertain as countries re-assess agreements in light of this temporary tariff surge.

(With inputs from agencies.)