Trump's New 10% Global Tariff Takes Effect

On Tuesday, February 24, 2026, President Donald Trump's new 10% global tariff went into effect. This action follows a Supreme Court ruling that struck down his previous tariffs.

The tariff, authorized under Section 122 of the 1974 Trade Act, allows the president to impose tariffs for 150 days without congressional approval.

The White House is reportedly preparing a formal order to increase the global tariff rate to 15%, though a timeline for implementation is not finalized.

Exemptions

Some exemptions to the 10% tariff exist, including goods compliant with the North American trade pact between the U.S., Canada, and Mexico, as well as some agricultural goods that were exempt under Trump's invalidated levies.

Impact and Reactions

Major trading partners, including the European Union and India, have paused trade negotiations amidst the uncertainty surrounding the tariffs.

Trump argues that these tariffs are necessary to address trade deficits and revive American manufacturing. However, some economists warn that consumers largely bear the costs of tariffs.

Conclusion

President Trump's new 10% global tariff has taken effect following a Supreme Court ruling against his previous trade policies. The tariff, implemented under Section 122 of the 1974 Trade Act, will be in place for 150 days. Some goods are exempted and a possible increase to 15% is being considered.