Last week, in response to the Supreme Court's 6-3 decision striking down the global IEEPA tariffs imposed by the United States, President Trump announced he would be implementing a 10% global tariff rate on goods imported into the United States under Section 122. The following day, in a social media post, he announced that he would be raising that rate from 10% to 15%, which we shared here on the SGL Blog on Monday.

However, it seems that despite this claim, the U.S. Customs and Border Protection Agency sent out notice to shippers that the global tariff rate would be 10%:

Except for products described in headings 9903.03.02–9903.03.11, and other than products for personal use included in accompanied baggage of persons arriving in the United States, articles the product of any country, as provided for in subdivision (aa) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS, will be subject to an additional ad valorem rate of 10%

While adding to the ongoing tension and confusion surrounding U.S. trade policy, for many this lower rate came as a relief as businesses scrambled to prepare to adjust to a 15% rate. As shippers and service providers continue to adjust, however, it's very likely more change will be coming in the near future.

Per a statement made by The White House to Reuters, it's possible 15% tariff rates are still to come:

The White House official told Reuters that Trump has had "no change of heart" in his desire for a 15% tariff under Section 122 of the Trade Act of 1974, but offered no details on the timing for that increase.

The President also addressed tariffs, a core facet of his economic agenda, as part of his State of the Union, condemning the Supreme Court's ruling and defending declaring that his intention is for tariffs to eventually replace income taxes:

As time goes by, I believe the tariffs paid for by foreign countries will ... substantially replace the modern day system of income tax.

This situation is continuing to evolve, and there will likely be more updates before global tariff rates settle down. Be sure to check back on the SGL Blog, or follow us on social media for the latest on global trade, including tariff updates!