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Trump's new tariff comes into effect at a lower-than-expected 10% rate

The 10% tariff affects $1.2 trillion in annual imports and will last 150 days as the administration aims to address U.S. trade deficits and rebuild the president's trade agenda.

  • 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.
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The new U.S. tariffs are already in effect. The levies approved by President Donald Trump to try to overcome the reverse of the Supreme Court came into operation one minute after midnight on February 24. Tariffs tax imports at a rate of 10%, although the Republican president assured last Saturday morning that it would be 15% in a rectification that reveals the White House’s improvisation in this matter. Continue reading

·Spain
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By Adam Cancryn, CNN. The Trump administration imposed new across-the-board tariffs of 10% on Tuesday, a lower initial level than President Donald Trump had promised over the weekend. These new global tariffs were announced by Customs and Border Protection after the Supreme Court invalidated Trump's widespread use of emergency tariff powers, prompting him to begin restructuring his trade strategy through other means. Trump initially said the new…

·Panama City, United States
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Korrespondent.net broke the news in Kyiv, Ukraine on Monday, February 23, 2026.
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