The White House announced today that it will not reverse the 15% global tariff increase.
The White House said the timing of the fee changes announced by President Donald Trump remains unclear.
Last Saturday, President Trump announced his intention to raise tariffs to 15%, justifying his decision by saying it was based on a comprehensive review of the Supreme Court’s decision, which he reiterated was “ridiculous” and “completely contrary to American values.”
New 10% U.S. tariffs on imports took effect today (Tuesday) as President Donald Trump seeks to reshape trade policy after the Supreme Court ruled against sweeping global tariffs he had imposed.
presidential order
These new tariffs, issued by executive order, are in addition to tariffs set forth in various trade agreements with most of the United States’ major trading partners, and are intended to replace current arbitrary tariffs.
But these tariffs do not replace so-called sector tariffs of 10% to 50% on many industries, such as copper, automobiles and timber, which were not affected by the Supreme Court’s ruling.
It also does not apply to Canadian and Mexican products imported into the United States under the North American Free Trade Agreement (USMCA).
Immediate collection
Customs officials announced that collection of the duties canceled by the Supreme Court will cease as of midnight Washington time (5 a.m. Tuesday, GMT), the effective date of the new surcharge.
It was also confirmed that the collection of a new 10% customs duty would begin immediately.
For this new ratio, the U.S. president relied on a law issued in 1974 that allows the balance of trade between the United States and its economic partners to be restored if a significant imbalance in the balance of payments is proven.
