{"id":24698,"date":"2026-02-24T11:50:12","date_gmt":"2026-02-24T11:50:12","guid":{"rendered":"https:\/\/microvibenews.com\/?p=24698"},"modified":"2026-02-24T11:50:12","modified_gmt":"2026-02-24T11:50:12","slug":"trumps-new-global-tariffs-kick-in-at-10-business-live-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=24698","title":{"rendered":"Trump\u2019s new global tariffs kick in at 10% \u2013 business live | Business"},"content":{"rendered":"

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Introduction: Trump’s new tariffs kick in at 10%<\/h2>\n<\/header>\n

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.<\/strong><\/p>\n

President Donald Trump\u2019s<\/strong> new tariffs have come into effect today at a rate of 10%, after the US supreme court blocked many of his import taxes on Friday.<\/p>\n

The president signed an executive order last Friday authorising the 10% tariffs just hours after the supreme court ruling. He later threatened to raise the rate to 15%, but did not officially do so by Tuesday 12.01am time in Washington, when the 10% levy came into effect.<\/p>\n

However, Bloomberg<\/strong> is reporting that officials in the White House are working on a formal order that will increase the rate to 15%.<\/p>\n

It comes after Trump declared this week that he can use tariffs in a \u201cmuch more powerful and obnoxious way\u201d<\/a>.<\/p>\n

The new tariffs, which Trump is applying under Section 122 of the 1974 Trade Act, have triggered uncertainty with a number of US trading partners, including the UK (which negotiated a 10% rate with the US last year) and the EU.<\/p>\n

On Monday the EU paused the process of ratification of the deal it had struck with the US<\/a> last July for the second time in a month, after it froze and unfroze the deal in the wake of Trump\u2019s Greenland threats. The deal was for 15% blanket tariffs on EU imports that were inclusive of previous levies.<\/p>\n

Meanwhile in the UK, a spokesperson for Keir<\/strong> Starmer<\/strong>, when asked whether retaliatory tariffs were an option, said:<\/p>\n

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double quotation mark<\/title><\/svg>No one wants to see a trade war. No one wants to see a situation that\u2019s escalated. But as I say, nothing is off the table at this stage.<\/p>\n<\/blockquote>\n

The agenda<\/strong><\/h2>\n