As of February 24, 2026, a 10% global tariff has been imposed on most U.S. imports following a recent Supreme Court ruling that invalidated many of President Trump’s original tariffs. Under Section 122 of the Trade Act of 1974, the president can impose tariffs of up to 15% for up to 150 days to address trade deficits, which Trump has indicated he may do. For now, the rate sit...
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