Donald Trump’s new 10% global tariff comes into effect
The Guardian World
by Julia Kollewe and Heather StewartFebruary 24, 2026
AI-Generated Deep Dive Summary
US President Donald Trump has introduced new global tariffs of 10%, a move that came after he initially threatened to raise rates to 15% following last week’s Supreme Court ruling. This decision provides some relief for British businesses, which had been bracing for higher tariffs amid tensions over US trade policies.
The announcement followed a significant legal setback for Trump, who faced a defeat when the Supreme Court struck down his sweeping "liberty" tariffs imposed earlier last year. Reacting to this defeat, Trump responded by announcing a 10% global tariff, signaling his intention to escalate trade measures further. However, he later increased the rate to 15% in a social media post on Truth Social, reflecting his ongoing efforts to assert control over US trade policy.
This development highlights the unpredictable nature of Trump’s approach to international trade and his willingness to use tariffs as both an economic tool and a political tactic. The decision has sparked concern among global markets and allies, as it underscores the potential for further disruptions in international trade relations. For British businesses, while the 10% rate offers some relief compared to the initially feared 15%, the long-term implications of these tariffs remain uncertain.
The move also raises questions about the broader impact on global trade dynamics and US relationships with key partners. As Trump continues to navigate his trade agenda, the outcome of these policies will be closely monitored by businesses, policymakers, and international observers alike.
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Originally published on The Guardian World on 2/24/2026