Feb 24 (Reuters) \u2013 The United States imposed an additional tariff from Tuesday of 10% on all goods not covered by exemptions, a notice issued by U.S. Customs and Border Protection said, the \u200brate initially announced by President Donald Trump on Friday rather \u200cthan the 15% he promised a day later.<\/p>\n
Reacting to the Supreme Court ruling that threw out his tariffs that had been justified on grounds of an emergency, Trump initially announced a new temporary global tariff of 10%. He said on Saturday he would \u200cincrease it \u200bto 15%.<\/p>\n
In a notice described as intended to \u201cprovide \u2060guidance regarding the February \u206020, 2026 Presidential Proclamation,\u201d CBP said that, aside from products specified as subject to exemptions, imports would \u201cbe subject to an additional ad valorem rate of 10%\u201d.<\/p>\n
The move added to confusion surrounding U.S. trade policy, with \u200bno explanation offered for why the lower rate had been used. The Financial Times quoted a White House official saying the increase up to \u206015% would come later. Reuters could not \u2060immediately confirm this.<\/p>\n
Collection of the new tariffs began at \u200bmidnight, while the collection of the tariffs annulled by the Supreme Court was \u200bhalted. They had ranged from 10% to as much as 50%.<\/p>\n
The \u200cSection 122 law allows the president to impose the new duties for up to 150 days on any and all countries to address \u201clarge and serious\u201d balance-of-payments deficits and \u201cfundamental international payments problems.\u201d<\/p>\n
Trump\u2019s tariff order argued that a serious \u2060balance of payments deficit existed in the form of a $1.2 trillion annual U.S. goods trade deficit and a current account deficit of 4% of GDP and \u2060a reversal of the \u200cU.S. primary income surplus.<\/p>\n
On Monday Trump warned countries against \u2060backing away from recently negotiated trade deals with the \u200bU.S., \u200csaying that if they did, he would hit them \u200bwith much \u2060higher duties under different trade laws.<\/p>\n
Japan said on Tuesday it had asked the United States to ensure its treatment under a new tariff regime would be as favourable as in an existing agreement. Both the European Union and Britain have indicated they want to stick to deals already agreed.<\/p>\n
(Writing by Mark JohnEditing \u200bby Peter Graff)<\/p>\n","protected":false},"excerpt":{"rendered":"Feb 24 (Reuters) \u2013 The United States imposed an additional tariff from Tuesday of 10% on all goods…\n","protected":false},"author":2,"featured_media":487473,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,3,21,19,22,20,25,24],"class_list":{"0":"post-487472","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-america","9":"tag-news","10":"tag-united-states","11":"tag-united-states-of-america","12":"tag-unitedstates","13":"tag-unitedstatesofamerica","14":"tag-us","15":"tag-usa"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/487472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=487472"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/487472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/487473"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=487472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=487472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=487472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}