The Trump administration is moving forward with a new global tariff, setting the initial rate at 10 percent. The White House had previously referenced a 15 percent figure, but officials confirmed the lower rate will take effect first as the policy rolls out.
Administration officials said the tariff is part of a broader effort to reshape trade relationships and encourage domestic production. The 10 percent rate will apply to a wide range of imported goods, with the possibility of adjustments later. The earlier 15 percent figure, officials indicated, reflected a higher rate under consideration rather than the opening phase.
The announcement comes as trade policy remains a central focus in Washington. Lawmakers from both parties are reviewing the details, while business groups are assessing how the new import costs could affect supply chains and consumer prices.
Economists note that even a 10 percent tariff represents a meaningful shift in trade policy. The full economic impact will depend on how long the rate remains in place and whether additional changes follow.
