Posted Feb 24, 2026 at 10:33 AM UTCDExternal LinkTrump’s new tariffs just kicked in.They’ve been applied using powers under the Trade Act of 1974, circumventing both Congress and the recent Supreme Court ruling that Trump’s previous tariffs were illegal. The president had threatened a higher 15 percent rate, but so far Customs and Border Protection has only announced 10 percent tariffs, which will last 150 days.Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Dominic Preston