US customs rolls out new 10% global tariff, lower than Trump’s promised 15% levy

The United States Customs and Border Protection has rolled out the 10 per cent tariff duties imposed on all imports which are not covered by exemptions. Trump imposed additional 10% tariffs under Section 122 of the Trade Act of 1974. (Bloomberg) However, this rate is lower than the 15 per cent duties promised earlier by … Read more