Trump's global tariff takes effect at 10%, despite announcement of 15% [View all]
Source: NBC News
Feb. 23, 2026, 10:45 PM EST / Updated Feb. 24, 2026, 4:52 AM EST
President Donald Trump's reworked global tariffs began Tuesday at a rate of 10%, even though he said over the weekend that they would start at 15%.
On Friday, after the Supreme Court struck down most of Trump's tariff agenda, he announced that he would quickly implement a 10% flat tariff for all trading partners using a different trade law. One day later, Trump posted on Truth Social that "effective immediately" he would be "raising the 10% Worldwide Tariff ... to the fully allowed, and legally tested, 15% level."
Under the trade law the administration is now turning to, called Section 122, tariffs of up to 15% can be quickly applied, but only for up to 150 days.
Hours before the sweeping tariff took effect at 12:01 a.m., U.S. Customs and Border Protection sent a memo informing importers that the rate would be 10% at first and that it would apply to "every country for a period of 150 days, unless specifically exempt," starting at 12:01 a.m. ET Tuesday. A White House official confirmed to NBC News that the message to importers was correct.
Read more: https://www.nbcnews.com/politics/trump-administration/trump-global-tariff-start-10-percent-despite-announcement-15-percent-rcna260369
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