President Donald Trump has introduced a new 10 percent tariff on imports into the United States, effective from February 24 for a duration of 150 days. This decision follows a Supreme Court ruling that struck down numerous tariffs imposed by Trump during his presidency, marking a significant shift in his approach to trade policy. The ruling was seen as a rebuke of his economic strategy, which heavily relied on tariffs to influence trade relations with other nations.

The new tariff will apply to all US trading partners, regardless of previous negotiated tariff deals, and will remain in effect for critical sectors that are undergoing separate investigations, such as pharmaceuticals. This broad application of the tariff reflects the Trump administration's stance on maintaining a strong, protective trade policy, aiming to regulate imports even amidst legal challenges. Trump's announcement included a promise to maintain exemptions for certain sectors under existing agreements like the US-Mexico-Canada agreement.

The implications of this tariff imposition could be significant, impacting not only the US economy and its international trade relations but also potentially leading to retaliatory measures from affected countries. By expanding tariffs at this stage, the Trump administration seems to be signaling its commitment to a self-reliant economic policy, irrespective of legal obstacles, while also preparing to address the backlash from impacted trading partners and domestic businesses.