Feb 24 • 06:38 UTC 🇫🇮 Finland Ilta-Sanomat

FT: Trump faces setback – tariffs remain at 10 percent

The U.S. administration's import tariffs will remain at 10 percent, as reported by the Financial Times citing U.S. Customs officials.

The import tariffs imposed by the U.S. administration are set to remain at 10 percent as of today, according to the Financial Times, which references U.S. Customs officials. This decision marks a significant change from earlier statements made by President Donald Trump, who had indicated a tariff rate of 15 percent. The reduced rate is partly attributed to opposition from the European Union and Britain regarding the higher tariff rate.

The import tariffs are legally mandated to remain in effect for up to 150 days. While Trump expressed his ongoing commitment to impose a worldwide 15 percent tariff, reports suggest that the administration is currently working towards this goal but has not yet finalized the plans. This ongoing discourse highlights the complex dynamics of international trade negotiations and the pressure from allies resistant to elevated tariffs.

In a related development, the U.S. Supreme Court recently deemed Trump’s proposed expansive import tariffs as illegal, prompting the President to communicate via his Truth Social platform about the 15 percent tariff plans. This evolving scenario indicates the significant challenges the Trump administration faces in implementing its tariff policies amid legal obstacles and international pushback.

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