US president had said he would raise levy to 15% after last week’s supreme court ruling Business live – latest updates Donald Trump’s new global tariffs have taken effect at 10%, even though he had threatened a higher rate of 15% last weekend, 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. Continue reading...