Feb 24 • 15:15 UTC 🇦🇷 Argentina Clarin (ES)

United States: New global tariffs of 10% come into effect after the Court's setback to Trump

New global tariffs of 10% introduced by Donald Trump are now in effect following a Supreme Court ruling that annulled his original broad taxes.

New global tariffs of 10% have taken effect in the United States, marking a significant development in President Donald Trump's trade agenda after the Supreme Court overturned his more extensive original tariffs. The introduction of these tariffs follows an executive order signed by the president just hours after the court's ruling. This swift action underscores the administration's determination to maintain its trade policies, despite legal setbacks. Furthermore, Trump has suggested the possibility of increasing this tariff to 15%, although no formal directive has yet been issued to this effect.

The White House is actively working on a formal order to raise the global tariff rate to 15%, as revealed by an anonymous administration official. The timeline for implementing this increase remains unclear, leading to uncertainty in trade dynamics and economic implications for imports. This decision comes at a time when many stakeholders in the business community are weighing the potential impacts of such tariffs on both domestic and international trade relations.

The introduction of these tariffs could have widespread implications for various sectors, including manufacturing and retail, which are particularly sensitive to changes in import costs. As the administration navigates the aftermath of the Supreme Court's ruling, the focus on trade policies will likely remain a contentious issue, influencing future negotiations and economic interactions with major trading partners worldwide.

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