The new 10% global import tariff announced by U.S. President Donald Trump has come into force from Tuesday, following a ruling by the U.S. Supreme Court that blocked several earlier import taxes. Official documents show the levy has been implemented at 10%, with no directive issued to raise it to 15%.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

On Friday, the Supreme Court ruled that the administration had overstepped its authority by imposing sweeping tariffs under the International Emergency Economic Powers Act (IEEPA). The decision opened the possibility of tariff refunds for businesses that had paid duties under that law, according to court documents.

An executive order signed on Friday stated that the temporary 10% tariff is being imposed under Section 122 of the Trade Act of 1974, which allows the president to introduce import duties for up to 150 days without congressional approval. The order said the tariff aims to address international payment imbalances and rebalance trade relationships.

Tariff Collections And Trade Deficit Data

The U.S. has collected at least $130 billion in tariffs under IEEPA, according to official U.S. government data cited by Reuters. The U.S. trade deficit widened by 2.1% last year to about $1.2 trillion, according to published government figures.

Following the court ruling, global logistics firm FedEx filed a lawsuit on Monday seeking a full refund of import taxes paid under IEEPA, as per court filings. Campaign group We Pay The Tariffs stated in an open letter that it represents more than 900 U.S. entities seeking refunds of duties paid under the blocked provisions.
International Response

The White House said it is working to update the tariff rate to 15% to reflect the president’s earlier statement, a White House official told Reuters, without specifying a timeline.

In the United Kingdom, Business and Trade Secretary Peter Kyle told a parliamentary committee on Tuesday that the 10% tariff arrangement between the U.K. and the U.S. remains in place. The European Union said it would suspend ratification of a previously agreed trade deal pending clarity on tariff conditions.

With the 10% tariff now effective under Section 122 and legal challenges continuing over earlier duties, the implementation marks the latest development in the U.S. administration’s trade policy framework.