Explained: Trump Hikes Global Tariffs To 15% – What Does It Mean For India?

It’s been a whirlwind 48 hours in global trade. On Friday, the US Supreme Court struck down President Trump’s sweeping tariffs, calling them illegal and saying he had exceeded his authority. Trump hit back fast, first announcing a 10 per cent tariff on all countries under a different legal provision. Then, just hours later, he raised it again this time to 15 per cent. So what does this mean for India?

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