NEW YORK/WASHINGTON: US President Donald Trump on Sat-urday said he is raising, effective immediately, worldwide tariff rates on countries from 10 per cent to the "legally tested" 15 per cent.
The US president also slammed Friday's Supreme Court verdict that had quashed the sweeping levies imposed by him last year.
With the earlier announced tariff rate of 10 per cent to be applicable on countries around the world, Indian goods being imported into the US would no longer have been subjected to the 18 per cent tariff rate that had been decided following the
announcement of a framework for an Interim Agreement on trade between India and the US. But that would change now with the new announcement of the 15 per cent tariff rates.
Trump said in a post on his social media that his decision to hike the tariffs to 15 per cent from Friday's 10 per cent was based "on a thorough, detailed and complete review of the ridic ulous, poorly written, and extraordinarily anti-American decision on Tariffs issued yester day, after MANY months of con-templation, 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, effec-tive immediately, raising the 10%.
