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.
Iran’s Foreign Minister Abbas Araghchi said Tehran has “no trust” in the United States and will only consider negotiations if Was...
Georgia is positioning itself as a future energy bridge between the Caspian and Europe, backed by major infrastruc...
Uzbekistan’s Department for Combating Economic Crimes says it has uncovered a ...
Russia and Ukraine exchanged prisoners of war as well as...
Iran’s Parliamentary Speaker Mohammad Bagher Ghalibaf warned that the U.S. military blockade of Iran’s southern ports could trigger a n...
Georgia is positioning itself as a future energy bridge between the Caspian and Europe, backed by major infrastructure plans and growing EU support. But behind the ambitious pitch lies a far more complicated political reality.
Uzbekistan’s Department for Combating Economic Crimes says it has uncovered a large-scale fraud and corruption scheme linked to labour migration to South Korea, with estimated damages reaching $90 million.
Russia and Ukraine exchanged prisoners of war as well as the bodies of fallen soldiers, on Friday (15 May). The swap came as Ukranian officials said Moscow had carried out its largest aerial attack over 48 hours since the conflict started.
Iran’s Parliamentary Speaker Mohammad Bagher Ghalibaf warned that the U.S. military blockade of Iran’s southern ports could trigger a new global financial crisis as the Tehran-Washington standoff around the strategic Strait of Hormuz persists.
The U.S.-Israeli war with Iran loomed over U.S. President Donald Trump's visit to China, as signs emerged that the conflict is causing a shift in alliances across the Middle East.
Iran’s Foreign Minister Abbas Araghchi said Tehran has “no trust” in the United States and will only consider negotiations if Washington shows seriousness. His remarks came as talks on Iran’s nuclear programme continued, with Trump and Xi also opposing Iran acquiring nuclear weapons.
Thousands of fans turned out in Iran's capital Tehran for a massive farewell ceremony on Wednesday night for their national football team, wishing them success before their departure for the World Cup 2026 matches co-hosted by the United States and Mexico.
Ukraine has stepped up attacks on Russian energy facilities in recent months, amid stalled progress in peace negotiations. The strikes have targeted refineries, processing plants, pipelines and export infrastructure, causing repeated disruptions across Russia’s energy sector.
Negotiations between Samsung Electronics and its workforce on Wednesday have broken down, officials said, raising fresh concerns over potential disruption to South Korea’s export-heavy economy.
China has launched the world’s first experiment to study how artificial human embryos develop in space, marking a major step in understanding whether humans could one day reproduce beyond Earth.
Every day, an elderly woman in China’s Shandong province looks forward to a video call from her son. He asks about her health, tells her he has been busy with work, and promises he will come home once he has saved enough money. She tells him she misses him. He tells her to take care of herself.
Deep in the ancient forests of southern China, researchers have discovered a small, shy snake with an extraordinary survival trick: when threatened, it creates the illusion that it has two heads.
Egyptian authorities have unveiled two restored ancient tombs in Luxor alongside a rare artefact linked to King Tutankhamun, offering visitors new insight into life and burial practices during the New Kingdom more than 3,000 years ago.
A U.S. Department of Justice official said Washington was preparing to indict former Cuban president Raúl Castro in connection with the 1996 downing of aircraft operated by "Brothers to the Rescue", a Miami-based exile group that conducted search-and-rescue flights for Cuban migrants.
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