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USA cancels tariffs on February 24

USA cancels tariffs on February 24

Starting February 24, the United States will cancel several additional import tariffs that were previously imposed. The country's Supreme Court ruled these tariffs illegal, so their collection will cease at 08:00 Minsk time. On the same day, U.S. President Donald Trump announces the introduction of a new global tariff of 15% on all imports into the United States, which will remain in effect for 150 days.

Context

Import tariffs into the United States are often applied within the framework of trade and political negotiations. Frequently part of a broader trade policy tied to international affairs, they impact global trade flows.

Summary:

US cancels previously imposed import tariffs after Supreme Court ruling; president introduces new 15% global tariff