Trump's new tariff comes into effect at lower than expected rate
The global levy comes in at 10%, lower than the rate the president had threatened at the weekend.
Coverage by Political Leaning
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Notable Quotes
"I think it simply adds to the chaos and mess."
— Carsten Brzeski , Academic
"The fact that we're at 10% rather than 20% is better than it was, but will it stay that way?"
— Fraser Smeaton , Executive
"Good news that it's come in lower; bad news that it keeps changing."
— Daniel Graham , Executive
"I think it simply adds to the chaos and mess."
— Carsten Brzeski , Academic
"The issue would be fought in the courts 'for the next five years.'"
— Donald Trump , Politician
"The fact that we're at 10% rather than 20% is better than it was, but will it stay that way?"
— Fraser Smeaton , Executive
"Good news that it's come in lower; bad news that it keeps changing."
— Daniel Graham , Executive
"I do not need to consult Congress before erecting new trade levies."
— Donald Trump , Politician
"While a new 10% tariff rate, instead of the threatened 15%, will provide some relief it shows how difficult it is for businesses to plan ahead."
— William Bain , Executive
"They both reassured me that they stand by the deal with the European Union."
— Maroš Šefčovič , Politician
""We want them to understand these deals are going to be good deals... We expect our partners to stand by them.""
— Jamieson Greer , Executive
Key People
Atakan Bakiskan is a US economist at the bank Berenberg.
Analyst with investment bank ING discussing the impact of tariffs.
Christine Lagarde is the President of the European Central Bank.
Senate Minority Leader and a prominent Democratic senator from New York.
Managing director of UK-based tea business Birchall.
Former president of the United States known for his aggressive economic policies.
Chief executive of UK-based firm Morph Costumes affected by tariffs.
Commerce secretary during Trump's administration.
Jamieson Greer is the U.S. Trade Representative.
EU Trade Commissioner advocating for diversification of suppliers to mitigate risks from China.
Rodney Scott is the commissioner of US Customs and Border Protection.
Head of trade policy at the British Chambers of Commerce.
Tags
All Coverage
The global levy comes in at 10%, lower than the rate the president had threatened at the weekend.
President Trump's new 10% global tariff took effect, marking the first duty enacted after a recent Supreme Court decision invalidated most of his previous levies.
A 10% global tariff took effect, marking the first duty enacted by President Donald Trump after a recent Supreme Court decision invalidated most of his levies.
President Donald Trump's new 10% global tariffs have taken effect, even though he had previously threatened a higher rate of 15%. The tariffs are applied under Section 122 of the Trade Act of 1974, without congressional approval, and are set to last for 150 days.
President Donald Trump's 10% global tariffs have gone into effect, marking a new phase in his trade agenda after the Supreme Court struck down his previous tariffs. The new tariffs are applied under Section 122 of the Trade Act of 1974, without congressional approval, and are set to last for 150 days.
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