Donald Trump is implementing a new global tariff at 10 per cent rather than the 15 per cent rate announced at the weekend after his defeat at the Supreme Court, according to a notice from the US customs agency. Trump’s move to apply a 10 per cent global levy from 12.01am on Tuesday, delaying the enactment of the 15 per cent tariff, follows a backlash to the higher rate from several US trading partners including the European Union and the UK. The White House signalled that Trump was still committed to setting a global tariff of 15 per cent. But on Saturday, in a Truth Social media post, Trump said he was “immediately” raising that global levy to 15 per cent – an increase that has not yet materialised. Meanwhile, the EU is delaying ratification of its own trade deal with the US in response to the 15 per cent plan.

Source: The Irish Times February 24, 2026 14:40 UTC