US President Donald Trump pronounces hike in tariffs to fifteen% on all nations

US President Donald Trump on Saturday introduced a hike in tariffs on all nations to fifteen% from 10%, which was imposed a day earlier.

Following a Supreme Court docket verdict in opposition to his earlier sweeping tariffs, Trump on Friday imposed a ten% tariffs on all nations, together with India, from February 24 for 150 days.

Commenting on the ten% tariff, the Indian authorities on Saturday mentioned it’s finding out these and their implications.

“Primarily based on an intensive, detailed, and full evaluation of the ridiculous, poorly written, and terribly anti-American determination on Tariffs issued yesterday, after MANY months of contemplation, by the USA Supreme Court docket, please let this assertion serve to characterize that I, as President of the USA of America, shall be, efficient instantly, elevating the ten% Worldwide Tariff on International locations, a lot of which have been “ripping” the U.S. off for many years, with out retribution (till I got here alongside!), to the absolutely allowed, and legally examined, 15% degree.

“Through the subsequent quick variety of months, the Trump Administration will decide and problem the brand new and legally permissible Tariffs, which can proceed our terribly profitable strategy of Making America Nice Once more,” he mentioned in a social media put up.

In a proclamation titled ‘Imposing a Short-term Import Surcharge to Handle Elementary Worldwide Funds Issues’ dated February 20, Trump mentioned he’s imposing, for a interval of 150 days, a “non permanent import surcharge of 10% advert valorem” on articles imported into the US, efficient February 24.

In a serious setback to Trump’s pivotal financial agenda in his second time period, the US Supreme Court docket dominated that the tariffs imposed by Trump on nations world wide had been unlawful and that the president had exceeded his authority when he imposed the sweeping levies.

Additional, a reality sheet issued by the White Home mentioned Trump is invoking his authority beneath Part 122 of the Commerce Act of 1974, which empowers the President to deal with sure elementary worldwide cost issues by surcharges and different particular import restrictions.

The very fact sheet famous that some items is not going to be topic to the non permanent import responsibility due to the wants of the US economic system.

The products embody sure important minerals, metals utilized in forex and bullion, vitality, and vitality merchandise; pure sources and fertilisers that can not be grown, mined, or in any other case produced within the US; sure agricultural merchandise, together with beef, tomatoes, and oranges; prescription drugs; sure electronics; passenger automobiles, some gentle vehicles, sure medium and heavy-duty automobiles, buses, and sure aerospace merchandise.

Trump lashed out on the Supreme Court docket justices who dominated in opposition to him, calling them “fools and lapdogs”.

“The Supreme Court docket’s ruling on tariffs is deeply disappointing, and I am ashamed of sure members of the Court docket, completely ashamed for not having the braveness to do what’s proper for our nation,” he informed reporters on the White Home on Friday, simply hours after the decision got here in.

The US President additionally mentioned that “nothing” modifications within the commerce cope with India within the wake of this verdict, as he responded to the ruling by asserting an extra 10 per cent international levies on gadgets imported into America.

“Nothing modifications. They’re going to (India) be paying tariffs, and we is not going to be paying tariffs. So cope with India is that they pay tariffs. This can be a reversal of what it was once… So we made a cope with India. It is a honest deal now, and we aren’t paying tariffs to them, and they’re paying tariffs. We did a bit flip,” Trump mentioned.

The Indian commerce ministry, in an announcement, mentioned the federal government is finding out the developments on the US tariffs and their implications.

“We’ve famous the US Supreme Court docket judgement on tariffs yesterday (Friday). US President Donald Trump has additionally addressed a press convention on this regard. Some steps have been introduced by the US administration. We’re finding out all these developments for his or her implications,” it mentioned.

The US had imposed a reciprocal tariff of 25% on India in August.

Later, an extra 25% was imposed for getting Russian crude oil, taking the overall tariffs on India to 50%.

In the meantime, earlier this month, each nations agreed to finalise an interim commerce deal, beneath which Washington agreed to chop down the tariffs to 18%. Up to now, the punitive 25% has been eliminated. The remaining 25% exists.

After the proclamation, the tariffs on Indian items shall be 10% from the prevailing 25%. Now Trump has once more introduced mountain climbing these tariffs to fifteen%. This levy, if notified, shall be over and above the prevailing MFN or import duties within the US.

For example, if a product faces a 5% MFN responsibility, an extra 15% shall be imposed, taking the efficient responsibility to twenty%. Earlier, this was 5 plus 25%.

There is no such thing as a readability, nevertheless, about what the tariff imposed by the US shall be on nations, equivalent to India, after the 150-day interval.

To finalise the authorized textual content for the primary section of the bilateral commerce settlement, the Indian crew is scheduled to satisfy its counterparts in Washington from February 23-26, 2026.

Commerce Minister Piyush Goyal had mentioned the deal could also be signed in March and applied in April.

Welcoming the ten% tariff, apex exporters’ physique Federation of Indian Export Organisations (FIEO) mentioned the transfer would boostthe competitiveness of labour-intensive sectors equivalent to gems and jewelry and engineering.

“The discount of the US reciprocal tariff on India improves competitiveness for key sectors equivalent to prescription drugs, electronics, engineering items, textiles, and gems and jewelry, notably amid provide chain diversification,” FIEO Director Basic Ajay Sahai mentioned.

Nevertheless, Part 232 tariffs on metal, aluminium, copper (50%) and sure auto merchandise (25%) stay a constraint, he mentioned, including that India ought to leverage this improved place to broaden market share whereas pursuing commerce negotiations for larger stability and sectoral aid.

The extent of the good thing about the decrease tariffs for Indian exporters stays to be seen, as India’s opponents, too, will now have to pay the diminished fee of 10%.

If India appears to be like at renegotiating its commerce cope with the US, he mentioned India is unlikely to renegotiate out of compulsion.

“Nevertheless, either side might recalibrate negotiations in gentle of the modified tariff atmosphere. The ruling creates a possibility to pursue a extra balanced and rules-based framework quite than one pushed by unilateral tariff actions,” Sahai mentioned.

Suppose tank GTRI mentioned India ought to reassess the deal.

“Taken collectively, the ruling and the non permanent tariff response inject vital uncertainty into international commerce relations and ongoing negotiations. International locations that made concessions to keep away from larger US tariffs might now reassess the worth of these agreements, whereas the authorized fragility and quick length of the ten% tariff complicate enterprise planning and diplomatic technique, the GTRI mentioned.

The Congress on Saturday demanded that the federal government put the interim commerce settlement on maintain and renegotiate the phrases of the deal.

Congress Basic Secretary Jairam Ramesh mentioned the federal government should additionally be sure that the pursuits of Indian farmers are absolutely protected throughout renegotiations and requested the federal government to categorically state that it’s going to not permit any import liberalisation to the American facet.

Throughout 2021-25, the US was India’s largest buying and selling accomplice in items. The US accounts for about 18% of India’s whole exports, 6.22% in imports and 10.73% in bilateral commerce.

In 2024-25, the bilateral commerce touched $186 billion ($86.5 billion exports and $45.3 billion imports).