Trump’s Tariffs Go Into Effect at 10 Percent, Not 15
The New York Times • • nation
Key Points:
- The U.S. implemented a new 10 percent tariff on most global imports starting just after midnight Tuesday, contrary to President Trump's weekend pledge of a 15 percent rate.
- The unexpected 10 percent tariff surprised business leaders and foreign officials, highlighting confusion following the Supreme Court's recent decision to strike down several of Trump's previous tariffs.
- A White House spokesman indicated that the 15 percent tariff increase is still under consideration and would require further presidential action before taking effect.
- The new tariff includes exemptions for certain products such as aircraft, tropical fruit, iron and steel, textiles from Central America, and goods under the U.S.-Mexico-Canada Agreement.
- Economists note that the 10 percent tariff actually lowers the average U
