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.