, Feb. 24 -- US President Donald Trump's new global tariffs have taken effect at 10%, lower than his earlier pledge of a higher rate, after the Supreme Court blocked many sweeping import taxes. Although Trump later mentioned a 15% rate, official documents show the 10% duty was implemented from Tuesday. The White House has been asked for comment.

Carsten Brzeski of ING said the shifting policy added to "chaos and mess," increasing uncertainty for businesses and raising the risk of retaliation from US trading partners and a possible escalation into a full trade war.

Trump warns of higher tariffs after court blocks levies

An executive order signed Friday said the temporary 10% duty aims to address international payments imbalances and reb...