US EditionTrump's new tariff comes into effect at a lower-than-expected 10% rate
The Trump administration replaced Supreme Court-blocked tariffs with a 10% global import duty set for 150 days, aiming to correct U.S. trade deficits and aid domestic industries.
- 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.
175 Articles
175 Articles
The U.S. government's decision to replace the surplus of 40% and 50% by a global surplus of 10% has temporarily reduced the tariff impact on a relevant portion of Brazil's exports. The rise of the US Chamber of Commerce for Brazil (Amcham Brazil) shows that 34.9% of Brazil's export tax to the US, equivalent to US$14.9 billion, has been faced with a lower tariff burden on access to the US market. The new surplus entered into force on 24 February …
"The New Global Tariffs Are Also Unlawful," by Philip Zelikow
A very interesting article by my Hoover Institution colleague Philip Zelikow, who is an emeritus history professor (mostly specializing in the history of American foreign affairs) at the University of Virginia, but also a lawyer; here are the introductory paragraphs: On February 20, the Supreme Court ruled that President Trump's tariffs imposed under an emergency powers law were unlawful. After raging at the court, the president imposed a new se…
Local coffee shop feel sting of rising costs, as latest global tariff takes effect
COLORADO SPRINGS, Colo. (KRDO) -- On Tuesday, President Donald Trump's 10% global tariff took effect, less than a week after the Supreme Court declared most of Trump's previously imposed tariffs unconstitutional. Local coffee shops in Colorado Springs, like the Caffeinated Cow, say they've been forced to make significant changes to their business to counter the added cost. This story will be updated. Stay up to date with the latest local news, s…
Trump stares down Supreme Court justices while thrashing 'unfortunate' ruling during SOTU
President Donald Trump appeared to stare down the Supreme Court justices who attended his State of the Union address on Tuesday as he discussed their recent ruling on his tariffs. Last Friday, the Supreme Court ruled 6-3 that Trump's signature tariff regime was illegal. Conservative justices John Ro...
Day 1862: “Brink of disaster.”
Today in one sentence: Trump will deliver his first State of the Union of his second term with his approval rating near an all-time low, and polling showing that 55% of Americans disapprove of his job performance; at least 45 congressional Democrats plan to skip Trump’s State of the Union; Virginia Gov. Abigail Spanberger will deliver the Democrats response to Trump’s State of the Union, putting her “kitchen-table” affordability message at the c…
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