Print

New US tariffs come in at lower 10% rate

The United States imposed an additional tariff from Tuesday of 10% on all goods not covered by exemptions, a notice issued by U.S. Customs and Border Protection said, the rate initially announced by President Donald Trump on Friday rather than the 15% he promised a day later.

Reacting to the Supreme Court ruling that threw out his tariffs that had been justified on grounds of an emergency, Trump initially announced a new temporary global tariff of 10%. He said on Saturday he would increaseit to 15%.

In a notice described as intended to “provide guidance regarding the February 20, 2026 Presidential Proclamation,” CBP said that, aside from products specified as subject to exemptions, imports would “be subject to an additional ad valorem rate of 10%”.

The move added to confusion surrounding U.S. trade policy, with no explanation offered for why the lower rate had been used. The Financial Times quoted a White House official saying the increase up to 15% would come later.

Collection of the new tariffs began at midnight, while the collection of the tariffs annulled by the Supreme Court was halted.They had ranged from 10% to as much as 50%.

The Section 122 law allows the president to impose the new duties for up to 150 days on any and all countries to address “large and serious” balance-of-payments deficits and “fundamental international payments problems.”

Trump’s tariff order argued that a serious balance of payments deficit existed in the form of a $1.2 trillion annual U.S. goods trade deficit and a current account deficit of 4% of GDP and a reversal of the U.S. primary income surplus.

On Monday Trump warned countries against backing away from recently negotiated trade deals with the U.S., saying that if they did, he would hit them with much higher duties under different trade laws.

Japan said on Tuesday it had asked the United States to ensure its treatment under a new tariff regime would be as favourable as in an existing agreement. Both the European Union and Britain have indicated they want to stick to deals already agreed.

(REUTERS)

RELATED ARTICLES

3 hours ago | India Tanzania economic partnership

India–Tanzania trade crosses $9 billion as both sides deepen economic partnership

India and Tanzania have reaffirmed their commitment to expanding bilateral trade and economic cooperation, with trade between the two countries crossing the $9 billion mark in 2025–26.  The milestone was highlighted during the 5th session of the ...

5 hours ago | India-UAE CEPA

India-UAE CEPA driving strong trade growth, opening new opportunities: Piyush Goyal

The India-UAE Comprehensive Economic Partnership Agreement (CEPA) is driving robust trade growth and creating new opportunities for Indian businesses, Union Minister Piyush Goyal said on Friday. Four years after the implementation of CEPA, the econo...

10 hours ago | Aus police

Protesters clash with Australian police after suspected killer of Indigenous girl arrested

Hundreds of protesters clashed with Australian emergency services workers in a remote town following the arrest of a man suspected of murdering a five-year-old Indigenous girl, police said on Friday. Jefferson Lewis, a 47-year-old man who police say...