President Trump decided not to raise global tariffs to 15%, keeping them at 10% for the United Kingdom and the EU, generating trade uncertainties.

The President of the USA, Donald Trump, announced that he will not raise global tariffs to 15%, keeping them at 10% for the United Kingdom and the European Union. This decision was made following a reaction to a Supreme Court ruling that rejected previous tariffs as illegal.

The new 10% tariffs apply to goods that do not benefit from exemptions and will be in effect for 150 days. This has raised concerns among British and European companies, which are facing trade uncertainties. Trump also warned that he could impose higher taxes if countries do not comply with existing trade agreements. While the current tariffs are lower than anticipated, the business environment remains uncertain regarding the future of US trade policy.