Trump’s tariff shocker means an iPhone may now cost Rs 2 lac

President Donald Trump’s imposition of sweeping new tariffs has ignited fears of significantly higher prices for American consumers, prompting global condemnation and threats of a trade war.

On Wednesday, Trump announced a 10% baseline tariff on all imports, with higher duties on key trading partners. This move triggered a sharp decline in global financial markets and drew criticism from world leaders, who warned of a reversal of decades of trade liberalization.