Tuesday, May 5, 2026
24.1 C
New Delhi

NEWS TRACK: Trump Raises Global Tariff to 15%, Cites Decades of Unfair Trade Practices Worldwide Now

Donald Trump has announced an increase in the United States’ global tariff rate to 15 percent, days after initially declaring a 10 percent baseline duty on imports. The decision marks a sharp escalation in Washington’s trade posture and signals a renewed push toward protectionist economic measures. In a post shared on Truth Social, Trump wrote that several nations had “taken advantage of America for decades,” asserting that the revised tariff structure is designed to restore balance and protect domestic industries. He framed the move as a corrective step to strengthen manufacturing, reduce trade deficits, and prioritize American workers. The announcement follows legal and political debate in the United States, including scrutiny connected to rulings by the Supreme Court of the United States regarding executive trade authority. Global markets are closely monitoring the development, as the tariff hike could impact supply chains, import costs, and diplomatic trade negotiations. Economists warn of possible retaliatory measures from major trading partners.

Go to Source

Hot this week

Election Results 2026 New CM Face Live Updates: All eyes on new CMs in Bengal and TN as BJP and Vijay score big wins

Election Results 2026 New CM Face Live Updates: With the party creating a saffron wave in West Bengal, all eyes are now on who will become the first BJP chief minister. Read More

Trump draws red line, says Iranian forces will be ‘blown off the face of the Earth’ if they target US ships

Trump’s warning comes as the US launches ‘Project Freedom’ to break Iran’s blockade in the Strait of Hormuz, following fresh naval clashes, reported attacks on commercial vessels, and rising global concern over stranded ships and surging energy price Read More

‘Tax The Rich’ Protests Erupt Outside Jeff Bezos-Backed Met Gala 2026

2026 Met Gala opens with stars like Sam Smith and Doja Cat, while protesters target Jeff Bezos and Lauren Sanchez over Amazon wealth and labour issues. Read More

Karan Johar MET Gala 2026 Debut: Filmmaker Honours Raja Ravi Varma Through Manish Malhotra’s Vision

Karan Johar’s grand MET Gala 2026 debut ensemble celebrated art and cinema at its finest. Read More

Irina Shayk Steps Out In The Tiniest Diamond Bra With Low-Rise Alexander Wang Skirt At Met Gala 2026

Irina Shayk stunned at Met Gala 2026 in a daring diamond bra and low-rise Alexander Wang skirt, turning jewelry into couture for the Costume Art theme. Read More

Topics

Election Results 2026 New CM Face Live Updates: All eyes on new CMs in Bengal and TN as BJP and Vijay score big wins

Election Results 2026 New CM Face Live Updates: With the party creating a saffron wave in West Bengal, all eyes are now on who will become the first BJP chief minister. Read More

Trump draws red line, says Iranian forces will be ‘blown off the face of the Earth’ if they target US ships

Trump’s warning comes as the US launches ‘Project Freedom’ to break Iran’s blockade in the Strait of Hormuz, following fresh naval clashes, reported attacks on commercial vessels, and rising global concern over stranded ships and surging energy price Read More

‘Tax The Rich’ Protests Erupt Outside Jeff Bezos-Backed Met Gala 2026

2026 Met Gala opens with stars like Sam Smith and Doja Cat, while protesters target Jeff Bezos and Lauren Sanchez over Amazon wealth and labour issues. Read More

Karan Johar MET Gala 2026 Debut: Filmmaker Honours Raja Ravi Varma Through Manish Malhotra’s Vision

Karan Johar’s grand MET Gala 2026 debut ensemble celebrated art and cinema at its finest. Read More

Irina Shayk Steps Out In The Tiniest Diamond Bra With Low-Rise Alexander Wang Skirt At Met Gala 2026

Irina Shayk stunned at Met Gala 2026 in a daring diamond bra and low-rise Alexander Wang skirt, turning jewelry into couture for the Costume Art theme. Read More

Aaj Ka Panchang, May 5, 2026: Tithi, Vrat, Muhurat And Rahu Kaal Today

Aaj Ka Panchang, May 5, 2026: Get accurate details on today’s Hindu calendar including tithi, vrat, nakshatra, yoga, sunrise/sunset timings, and shubh and ashubh muhurat. Read More

Kylie Jenner Channels Couture Art In Faux Nipple Corset And Pearl-Embroidered Skirt At Met Gala 2026

Kylie Jenner made a daring statement at Met Gala 2026 in a surreal Schiaparelli illusion dress with a nude corset, pearls, and bleached brows. Read More

Assam election results: Masterful mama delivers magic majority

(Image/PTI) Delimited seats give saffron party a multiplier effectDelimitation proved the wild card in Assam’s first assembly poll since the boundaries of constituencies were redrawn in 2023, cutting the number of Muslim-majority se Read More

Related Articles