Key Metrics
12.24
Heat Index-
Impact LevelMedium
-
Scope LevelGlobal
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Last Update2026-02-24
Key Impacts
Positive Impacts (4)
Negative Impacts (8)
Event Overview
This event reflects a significant shift in trade policy, with the implementation of a 10% global tariff. It highlights the executive's use of economic measures to advance a specific trade agenda, despite previous judicial challenges. The threat of further increases adds to the uncertainty and potential for broader economic implications.
Collect Records
10% Global Tariff by Trump Takes Effect
A 10% global tariff introduced by U.S. President Trump took effect on Tuesday. This move is part of the White House's continued efforts to advance Trump's trade agenda. The Supreme Court had previously rejected Trump's initial comprehensive trade measures. Shortly after the ruling, Trump signed an executive order approving a 10% import tax and threatened to increase it to 15%. As of the time the 10% tariff came into effect, no formal order to raise the rate had been issued. Government officials stated that the White House is preparing a formal order to increase the global tariff to 15%, but the exact implementation date has not been determined.