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Contemporary U.S. tariffs on imported items got here into impact on Tuesday (February 24, 2026), as President Donald Trump moved to rebuild his commerce agenda after the Supreme Courtroom dominated in opposition to a swath of his international duties.
The brand new tariffs, initially set at 10%, are justified as a method “to take care of the big and critical United States balance-of-payments deficits,” in keeping with a White Home launch on Friday (February 20).
Mr. Trump has since vowed to lift this degree to fifteen%, with exclusions anticipated to stay for items lined by sector-specific investigations and the U.S.-Mexico-Canada commerce pact.
The U.S. President has doubled down on imposing tariffs on buying and selling companions for the reason that excessive court docket on Friday struck down a lot of his sweeping and infrequently arbitrary duties, in a rebuke of his signature financial coverage.
His sector-specific tariffs on items like metal and autos stay intact, however the ruling units the stage for a posh struggle for refunds elsewhere.
The brand new responsibility taking impact on Tuesday (February 24) solely lasts for 150 days except prolonged by Congress and is extensively seen as a bridge in direction of extra sturdy commerce coverage.
U.S. Customs and Border Safety has stated it will cease accumulating tariffs struck down by the court docket beginning on Tuesday (February 24), too.
It individually stated it will begin accumulating the brand new 10% tariffs on February 24.
The conservative-majority court docket dominated six to 3 that Mr. Trump had exceeded his authority in utilizing a 1977 legislation to impose sudden tariffs on particular person nations.
Mr. Trump’s new tariff will apply to $1.2 trillion price of imports on an annual foundation or about 34% of complete items imported, stated Erica York, vp of federal tax coverage on the Tax Basis.
“The Trump tariffs amounted to a median tax enhance per U.S. family of $1,000 in 2025,” she added.
With /Mr. Trump’s international tariffs imposed beneath the Worldwide Emergency Financial Powers Act dominated unlawful, his new and present duties are nonetheless set to “lead to a family burden of $700 in 2026,” she stated.
‘Wings clipped’
Mr. Trump insisted on Monday (February 23) that the Supreme Courtroom gave him “way more powers and power” with its ruling, including that he might “use licenses to do completely ‘horrible’ issues to international nations.”
“Together with his tariff wings clipped, Mr. Trump wants a brand new instrument to specific displeasure on actions by others,” stated Wendy Cutler, a former U.S. commerce official.
“Threatening steep licensing charges is an alternate nevertheless it lacks the aptitude and quantitative nature of tariffs,” added Mr. Cutler, senior vp on the Asia Society Coverage Institute.
Mr. Trump additionally threatened on Monday (February 23) to hike tariffs on nations that select to “play video games” following the court docket determination, in a warning to nations that not too long ago struck commerce offers with Washington beneath the specter of duties.
Over the previous 12 months, Mr. Trump has imposed varied tariff charges on companions — generally altering them on brief discover — to persuade and punish each buddy and foe. He has used this as leverage in commerce talks.
U.S. Commerce Consultant Jamieson Greer stated Sunday on CBS that tariff agreements stay in power regardless of the ruling: “We anticipate our companions to face by them.”
However the threatened 15% responsibility, for some nations like Britain and Australia, exceeds a ten% charge they confronted beneath the earlier program.
Mr. Cutler warned that Mr. Trump’s actions might intensify U.S. companions’ disappointment.
Whereas it’s uncertain that they might retaliate, they might step up efforts to diversify away from the US, she stated.
Revealed – February 24, 2026 11:12 am IST