Trump’s new global tariffs kick in at 10% – business live

The Guardian World

by Lauren Almeida

February 24, 2026

AI-Generated Deep Dive Summary

The U.S. Supreme Court’s recent ruling against President Trump’s “reciprocal” tariffs has sparked concerns about the potential escalation of the trade war, according to Neil Wilson at Saxo Markets. While many exporters initially celebrated the decision, experts warn that it could lead to unintended consequences, with Trump threatening even higher tariffs and asserting newfound powers to impose trade restrictions. The situation is evolving rapidly, with the White House hinting at a future 15% tariff, adding uncertainty to an already complex geopolitical landscape. The ruling has given Trump greater flexibility to levy fresh tariffs, potentially beyond what was previously agreed upon. This shift could disrupt global markets and deepen tensions between the U.S. and other countries. Trump’s recent comments suggest he views the Supreme Court decision as a validation of his authority to escalate trade measures, which could further strain international relations. The situation is becoming increasingly unpredictable, with no clear resolution in sight. While the U.S. is not currently facing a balance of payments crisis, the ongoing trade disputes and shifting tariffs create significant economic uncertainty for businesses worldwide. Exporters and investors are left grappling with the implications of Trump’s evolving trade policies, which could reshape global trade dynamics in unforeseen ways. This development underscores the delicate state of international trade relations and highlights the risks of escalating protectionism. As the trade war continues to unfold, its impact on global markets, business operations, and diplomatic ties remains a critical concern for policymakers and stakeholders worldwide. The outcome of this ongoing saga will have far-reaching consequences

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Originally published on The Guardian World on 2/24/2026