President Donald Trump on Saturday said he would be increasing global tariffs to a rate of 15% “effective immediately.” The rate is higher than the 10% baseline rate he announced yesterday after the Supreme Court ruled that Trump's use of the International Emergency Economic Powers Act,

The move signaled that the president would press ahead with steep global import taxes despite the legal setback from the Supreme Court.

The U.S. effective tariffs rate ("ETR") fell to 13.6% from an Aug. 5 estimate of 16%, reflecting recent trade agreements with Japan, Malaysia, Thailand and South Korea, Fitch Ratings said on Wednesday. The update mainly reflects the reduction of china's ...

When President Donald Trump announced plans to raise the nation’s effective tariff rate to levels not seen since 1930 on April 2, 2025, most CEOs were silent. They’d seen how voicing opposition to any of the president’s ambitions – let alone his signature economic policy – could quickly prove even more costly than the policies he enacted.

This is read by an automated voice. Please report any issues or inconsistencies here. Trump’s tariffs pushed effective rates to nearly 17% by November — seven times higher than January and the highest level since 1935, disrupting global commerce.