10% To 15%, Never-Used Law, India Impact, And The Politics Of It: How Trump's Tariffs Look After SC Ruling

The drama surrounding US trade policy reached new heights as President Donald Trump announced an increase in global tariffs to 15 percent, intensifying his trade offensive. This decision comes just hours after a Supreme Court ruling that upheld a never-used law from the 1970s, granting the president broad authority to impose tariffs without congressional approval. The move is expected to have significant repercussions on international trade relations and has already sparked concern among global economic leaders. India, one of the many countries affected by the tariff hike, is assessing the potential impact on its export-driven sectors. With industries like textiles and pharmaceuticals heavily reliant on the US market, the increased tariffs could lead to substantial economic strain. Indian officials are reportedly considering a range of responses, including seeking exemptions or retaliatory measures to protect their domestic markets. The situation underscores the delicate balance nations must maintain in navigating the shifting landscape of global trade policies. Politically, the tariff escalation has further polarized opinion in the US. Supporters argue it strengthens America's negotiating position, while critics warn of potential backlash from key trading partners and negative effects on American consumers. As the international community watches closely, the long-term implications of this aggressive trade strategy remain uncertain. The Supreme Court's ruling and the subsequent tariff increase highlight the complex interplay between law, economics, and politics in shaping global commerce.

— Authored by Next24 Live