New U.S. tariffs take effect today after Supreme Court ruling
The Hindu
New U.S. tariffs begin today after a Supreme Court ruling, aiming to address balance-of-payments deficits and reshape trade policy.
Fresh U.S. tariffs on imported goods came into effect on Tuesday (February 24, 2026), as President Donald Trump moved to rebuild his trade agenda after the Supreme Court ruled against a swath of his global duties.
The new tariffs, initially set at 10%, are justified as a means “to deal with the large and serious United States balance-of-payments deficits,” according to a White House release on Friday (February 20).
Mr. Trump has since vowed to raise this level to 15%, with exclusions expected to remain for goods covered by sector-specific investigations and the U.S.-Mexico-Canada trade pact.
The U.S. President has doubled down on imposing tariffs on trading partners since the high court on Friday struck down many of his sweeping and often arbitrary duties, in a rebuke of his signature economic policy.
His sector-specific tariffs on goods like steel and autos remain intact, but the ruling sets the stage for a complex fight for refunds elsewhere.
The new duty taking effect on Tuesday (February 24) only lasts for 150 days unless extended by Congress and is widely seen as a bridge towards more durable trade policy.
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