‘Effective from February 24’: All you need to know about Trump’s new 10% global tariffs

 President Trump signed a proclamation imposing a 10% temporary import surcharge on most goods, effective February 24 for 150 days. This action, taken under emergency powers, aims to address significant balance-of-payments deficits and encourage domestic manufacturing. Broad exemptions are included for economic necessity and national interest. President Trump signed a proclamation imposing a 10% temporary import surcharge on most goods, effective February 24 for 150 days. This action, taken under emergency powers, aims to address significant balance-of-payments deficits and encourage domestic manufacturing. Broad exemptions are included for economic necessity and national interest.