President Trump has signed an executive order that will impose a 10% additional tariff on all countries beginning February 24, 2023, at 6:01 AM Norwegian time. This decision comes after the U.S. Supreme Court ruled that previous punitive tariffs established under emergency powers were illegal. Trump's announcement reflects his ongoing commitment to altering trade agreements despite legal challenges and opposition from various sectors of the economy.

The new tariff regime will last for a period of 150 days, and while it applies to all countries, there are some exceptions that have not been detailed in the initial reports. The U.S. government's ongoing adjustments to its tariff policies are part of a broader strategy to recalibrate trade relations and protect American industry, which has faced significant challenges in a global economy.

This move could have wide-ranging implications for international trade dynamics, potentially straining relations with allied nations and affecting prices for consumers on imported goods. As countries respond to the new tariffs, the global market may experience shifts that could impact economic growth and diplomatic relations in the longer term.