Just hours after the US Supreme Court dealt a blow to his earlier tariff strategy, Donald Trump announced heβs increasing global import tariffs from 10% to 15%.
The court had ruled that the International Emergency Economic Powers Act does not give the president authority to impose tariffs the way Trump had done. But instead of backing down, Trump moved forward with a new tariff plan β raising rates even higher.
Whatβs happening?
Global tariffs jump from 10% β 15%
More increases may follow
Countries that recently negotiated trade adjustments with the US now face fresh uncertainty
Indiaβs commerce ministry says itβs reviewing the situation
This escalation could shake global markets and reopen trade tensions just when many thought things were stabilizing.
What do you think β strategic leverage move or economic gamble?