Trump sets global tariff at 10% after announcing 15% rate

President Donald Trump’s revised global tariffs will launch at a rate of 10% starting Tuesday, despite his earlier announcement of a 15% rate. Following a Supreme Court ruling that limited his tariff powers, Trump is using Section 122 of trade law to impose these tariffs for 150 days, with plans to raise them to 15% pending a separate order. This uncertainty has led to criticism from foreign officials and prompted the EU to pause a significant trade deal with the U.S.

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