NEW US TARIFFS COME IN AT LOWER 10% RATE

The United States imposed a new 10% tariff on most imports starting Feb. 24, according to U.S. Customs and Border Protection, despite Donald Trump previously signaling a possible 15% rate. The move follows a ruling by the U.S. Supreme Court that invalidated earlier tariffs imposed under emergency justification. The temporary measure can last up to 150 days and targets large U.S. trade imbalances. While less severe than expected, the decision has heightened global trade uncertainty and unsettled markets, analysts at Deutsche Bank noted. Meanwhile, China urged Washington to drop unilateral tariffs and signaled willingness to resume trade talks.
Source: Reuters / Datamar News