Trump's new tariff comes into effect at a lower-than-expected 10% rate
The Trump administration replaced Supreme Court-blocked tariffs with a 10% global import duty set for 150 days, aiming to correct U.S. trade deficits and aid domestic industries.
- On Tuesday, President Donald Trump imposed a 10% ad valorem tariff on imports not covered by exemptions, the U.S. Customs and Border Protection said.
- Reacting to the U.S. Supreme Court ruling last week that he lacked IEEPA authority, Trump announced a 10% tariffs response citing a $1.2-trillion trade deficit.
- Traders said the move hit markets, with European shares slipping 0.1%, as the new tariffs took effect at midnight, while analysts estimate $175 billion was raised from prior emergency levies.
- On Monday, Senate Democrats Ron Wyden, Ed Markey and Jeanne Shaheen introduced a bill to force refunds, requiring CBP to prioritize small businesses and update Congress every 30 days.
- Amid diplomatic pushback, China urged Washington to abandon unilateral tariffs and offered talks, while an unnamed White House official said a 15% increase is planned later without a timeline.
165 Articles
165 Articles
Trump rips Supreme Court tariff ruling in SOTU, vows new legal fight after 6-3 blow
President Donald Trump calls Supreme Court tariff ruling "very unfortunate" during State of the Union address, vows to pursue alternative legal avenues to preserve trade policy.
Trump stares down Supreme Court justices while thrashing 'unfortunate' ruling during SOTU
President Donald Trump appeared to stare down the Supreme Court justices who attended his State of the Union address on Tuesday as he discussed their recent ruling on his tariffs. Last Friday, the Supreme Court ruled 6-3 that Trump's signature tariff regime was illegal. Conservative justices John Ro...
Trump's ketchup dripping down the wall
The raging reaction by President Donald Trump to the US Supreme Court’s ruling on his “emergency” import tariffs brought back memories of the testimony by former White House aide Cassidy Hutchinson to the January 6th committee about his alleged food-throwing behavior. His rant put his weaknesses on full display. We know his strengths: he is […] The post Trump’s ketchup dripping down the wall appeared first on Asia Times.
Trump's 10% global tariff takes effect
President Donald Trump speaks during a press conference in the Brady Press Briefing Room of the White House in Washington, February 20, 2026. (Aaron Schwartz/Getty Images) (NEW YORK) — A 10% global tariff took effect on Tuesday, marking the first duty enacted by President Donald Trump after a recent Supreme Court decision invalidated most of his levies. Within hours of the high court’s ruling on Friday, Trump signed an executive order imposing a…
President Trump's new global tariffs take effect at 10%
WASHINGTON D.C. — President Trump's new global tariffs have officially come into effect at a rate of 10%. Initially, the President had indicated plans to introduce these tariffs at a higher rate.
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