Donald Trump’s new global tariffs have taken effect at 10%, even though last weekend he had threatened a higher rate, of 15%, providing “some relief” for British businesses, according to a lobby group.
After the US president suffered a defeat at the hands of the supreme court on Friday, which struck down his sweeping “liberation day” tariffs imposed last year, he angrily reacted by announcing a 10% global tariff, which he raised to 15% on Saturday in a post on his social media platform, Truth Social.
