Trump's 10% Global Tariff Takes Effect

Odaily News According to reports, on Tuesday local time, the new 10% global tariff introduced by U.S. President Trump took effect, marking the White House's move to advance Trump's trade agenda. Previously, the U.S. Supreme Court struck down Trump's initial comprehensive trade measures. Within hours of the ruling being announced, Trump signed an executive order approving a 10% import tax. Subsequently, he threatened to raise the rate to 15%, but as of 12:01 AM U.S. time on Tuesday (when the 10% tariff took effect), Trump had not formally issued an executive order to increase the rate. According to a government official, the White House is drafting a formal order to raise the global tariff rate to 15%. The official stated that the timeline for implementing this higher rate has not yet been determined. (Jin10)