Key Metrics
13.31
Heat Index-
Impact LevelMedium
-
Scope LevelGlobal
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Last Update2026-02-25
Key Impacts
Positive Impacts (3)
Negative Impacts (7)
Event Overview
This event highlights the use of trade policy as a tool for economic and political leverage. The adjustment in tariffs reflects ongoing legal battles and executive power dynamics, with potential implications for international trade relations and global economic stability.
Collect Records
U.S. Increases Global Import Tariff to 15% or Higher
The U.S. Trade Representative, Jamison Greer, announced that the 'global import tariff' imposed by the U.S. on certain countries will be increased from 10% to 15% or higher, without providing specific details. This announcement follows a Supreme Court ruling that the large-scale tariffs implemented by the Trump administration under the International Emergency Economic Powers Act lacked legal authorization. Subsequently, Trump, invoking Section 122 of the 1974 Trade Act, declared a 10% 'global import tariff' for 150 days. Afterward, Trump stated on social media that he would further raise the rate to 15%.