The US will increase additional import tariffs for some countries to 15%, up from the current 10%, according to chief trade representative Jamieson Greer.
The EU has postponed the ratification of a trade agreement with the US for the second time, citing concerns over instability and potential price increases for many goods due to President Trump's temporary tariffs.
U.S. Customs and Border Protection (CBP) will cease collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) starting 24/2.
Less than a day after signing an executive order imposing an additional 10% import tariff globally, the US president further increased this rate to 15%.
Countries are exercising caution following a US Supreme Court tariff ruling, with concerns growing over increased trade instability as Trump responds with an additional 10% tariff.