economy
February 24, 2026
Trump Imposes 10% Global Tariff Despite Promised 15% Rate
A 10% global tariff issued by the United States took effect on Tuesday, despite the Trump administration previously promising to enact a 15% rate.
TL;DR
- The United States enacted a 10% global tariff on Tuesday.
- This rate is lower than the 15% rate President Trump had previously promised.
- A White House official stated they are working on increasing the tariff to 15% but without a set timeline.
- The new tariffs were imposed via an executive order under Section 122 of the 1974 Trade Act.
- This action follows the Supreme Court's ruling that invalidated previous tariffs imposed under the International Emergency Economic Powers Act.
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