U.S. President Donald Trump’s new 10% global tariffs have come into effect, hours after the Supreme Court blocked many of his sweeping import taxes in a 6–3 ruling. Allies around the world are weighing possible retaliation, while markets brace for further upheaval.
Following the court’s decision on Friday (20 February), President Trump signed an executive order introducing the levy from 24 February under Section 122 of the 1974 Trade Act, which allows temporary tariffs to be imposed for up to 150 days without congressional approval.
Trump had previously said the rate would be set at 15%, but no directive increasing it beyond 10% has been issued. The White House has been approached for comment.
The executive order states that the tariff is intended to address “fundamental international payments problems” and to rebalance trade in favour of American workers, farmers and manufacturers.
The President argues the measures are necessary to reduce the U.S. trade deficit, which widened by 2.1% compared with 2024 to approximately $1.2 trillion. The administration has already collected at least $130bn in tariffs using the 1977 International Emergency Economic Powers Act.
The United Kingdom said no reciprocal action was “off the table” if Washington failed to honour its tariff agreement, although it added that “no one wants a trade war.”
The European Union said it would suspend ratification of a summer trade deal, while officials in the European Parliament called for further clarity.
India also said it would defer previously scheduled talks aimed at finalising a recent agreement.
The U.S. Senate rejected a resolution on Wednesday that would have directed President Donald Trump to remove U.S. forces from hostilities against Iran...
China's legal profession is undergoing a significant shift as artificial intelligence increasingly takes over the routine work that has traditionally ...
The Kremlin has said it will pursue all available legal avenues if Britain proceeds with plans to sell Russian crude oil seized from a tanker earlier ...
At least 164 people have been killed and 971 injured after powerful earthquakes struck Venezuela, Acting President Delcy Rodríguez said. The quakes c...
A worsening cholera outbreak and escalating violence are deepening Sudan's humanitarian crisis, with more than 700 suspected cholera cases and 105 dea...
The Kremlin has said it will pursue all available legal avenues if Britain proceeds with plans to sell Russian crude oil seized from a tanker earlier this month.
Brazil and Mexico secured statement wins at the FIFA World Cup 2026 as Vinícius Jr starred in Brazil’s 3-0 victory over Scotland, while Mexico beat Czechia to finish top of Group A. South Africa also made history by reaching the knockouts for the first time.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Villagers took part in Dragon Boat Festival celebrations on 24 June in Foshan, Guangdong province, where traditional racing was held on the narrow, winding Diejiao River.
Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at the recent G7 summit in Evian-les-Bains.
As Western Europe battles a deadly heatwave that has shattered temperature records, disrupted transport and power supplies, and forced the closure of schools and cultural landmarks, attention is turning to whether El Niño is playing a role in the extreme conditions.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
The U.S. Senate rejected a resolution on Wednesday that would have directed President Donald Trump to remove U.S. forces from hostilities against Iran unless Congress formally authorised military action.
U.S. President Donald Trump said that Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
China's legal profession is undergoing a significant shift as artificial intelligence increasingly takes over the routine work that has traditionally launched the careers of junior lawyers.
The Kremlin has said it will pursue all available legal avenues if Britain proceeds with plans to sell Russian crude oil seized from a tanker earlier this month.
At least 164 people have been killed and 971 injured after powerful earthquakes struck Venezuela, Acting President Delcy Rodríguez said. The quakes caused widespread destruction around Caracas, collapsing buildings and trapping residents, with fears the toll could rise significantly.
A worsening cholera outbreak and escalating violence are deepening Sudan's humanitarian crisis, with more than 700 suspected cholera cases and 105 deaths reported in West Kordofan since mid-May, according to health authorities.
A severe heatwave sweeping across Europe has caused widespread disruption, with power outages reported in parts of France, emergency heat alerts issued in the United Kingdom and Spain, and growing pressure on energy and transport systems across the continent.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment