Drudge Retort: The Other Side of the News
Tuesday, February 24, 2026

US President Donald Trump's new global tariffs have come into effect at 10% despite a pledge to introduce them at a higher rate. After the Supreme Court blocked many of his sweeping import taxes on Friday, the president said he would introduce a 10% global rate. He then said on Saturday that the rate would be 15%. However, according to official documents, the tariffs have been set at the lower rate from Tuesday with no directive to increase the rate issued.

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"I think it simply adds to the chaos and mess," said Carsten Brzeski, an analyst with investment bank ING, referring to the fast-changing tariffs and their effects on businesses. "In terms of uncertainty we're back to where we were last year," he told the BBC's Today programme, adding there was now a higher risk that the US's trading partners would retaliate.

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