TechFlow News: On February 20, according to JIN10 Data, a new 10% global tariff introduced by U.S. President Trump took effect on Tuesday local time, marking the White House’s move to advance Trump’s trade agenda. Previously, the U.S. Supreme Court had rejected Trump’s initial comprehensive trade measures; hours after the ruling was announced, Trump signed an executive order authorizing a 10% import tax. He subsequently threatened to raise the rate to 15%, but as of 12:01 a.m. ET on Tuesday—the moment the 10% tariff took effect—Trump had not yet formally issued an executive order to increase the rate. According to a government official, the White House is drafting a formal order to raise the global tariff rate to 15%. The official stated that the timeline for implementing this higher rate has not yet been determined.
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