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New US tariffs take effect after Supreme Court ruling

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New US tariffs take effect after Supreme Court ruling

President Donald Trump's reworked global tariffs will begin Tuesday at a rate of 10%, even though he said over the weekend that they would start at 15%.

Axar.az informs, citing NBC news, On Friday, after the Supreme Court struck down most of Trump's tariff agenda, he announced that he would quickly implement a 10% flat tariff for all trading partners using a different trade law.

One day later, Trump posted on Truth Social that "effective immediately" he would be "raising the 10% Worldwide Tariff ... to the fully allowed, and legally tested, 15% level."

Under the trade law the administration is now turning to, called Section 122, tariffs of up to 15% can be quickly applied, but only for up to 150 days.

Hours before the sweeping tariff was set to take effect, U.S. Customs and Border Protection sent a memo informing importers that the rate would be 10% at first and that it would apply to "every country for a period of 150 days, unless specifically exempt," starting at 12:01 a.m. ET Tuesday.

Date
2026.02.24 / 10:38
Author
Axar.az
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