Picture Credit : @WhiteHouse/X
United States President Donald Trump has announced hike in tariffs on all countries to 15 per cent from 10 per cent, which was imposed a day earlier.
Following a Supreme Court verdict against his earlier sweeping tariffs, Trump on Friday imposed a 10 per cent tariffs on all the countries, including India from February 24 for 150 days.
Commenting on the 10 per cent tariff, the Indian government on Saturday said it is studying these and their implications.
“Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10 per cent Worldwide Tariff on Countries, many of which have been “ripping” the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15 per cent level.
“During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again,” he said in a social media post.
In a proclamation titled ‘Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems’ dated February 20, Trump said he is imposing, for a period of 150 days, a “temporary import surcharge of 10 per cent ad valorem” on articles imported into the US,” effective February 24.
