A 10% levy has been put in place, but the US leader has other economic ‘bazookas’ he can fire in his trade battle

Trump’s new 10% global tariff comes into effect

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Donald Trump did not carry through his threat to introduce 15% tariffs overnight.

However, he did impose 10% tariffs on imports into the US on Tuesday, and the threatened 15% may be the least of his trade partners’ worries.