Feb 22 • 05:49 UTC 🇮🇳 India Aaj Tak (Hindi)

Trump's 15% Tariff Bomb, Neil Katyal Raises Questions, Says 'Go to Congress...'

Donald Trump has increased the global tariff to 15% following a Supreme Court ruling that deemed his previous tariffs illegal, prompting questions from Indian-American lawyer Neil Katyal.

After suffering a setback from the US Supreme Court, which ruled that the reciprocal tariffs imposed by Donald Trump on numerous countries were illegal, Trump announced a global tariff increase. Initially set at 10%, the president quickly escalated this to 15% through a social media post on his platform, Truth Social. This sudden hike is part of his ongoing narrative that various nations have been exploiting the American economy for decades, leading to a perceived imbalance that needs rectification.

The increase in tariffs has garnered attention and criticism from various quarters, including Neil Katyal, an Indian-American lawyer who was involved in the Supreme Court case that challenged Trump's earlier tariff policies. Katyal's questioning of this new tariff decision suggests a larger concern regarding its potential implications for international trade relations and America's diplomatic standing. His comments indicate that such unilateral actions may provoke retaliatory measures from affected countries, thereby complicating economic ties.

Moreover, this move by Trump signals a continuation of his administration's protectionist policies, aiming to prioritize American industries and jobs. However, it raises significant questions about the long-term economic impacts on consumers and businesses, both domestically and globally, as higher tariffs can lead to increased prices for goods and strain on international trade relations. The response from Congress or possible legal challenges is yet to be seen, as such tariff increases can ignite further debates on trade policies in the United States.

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