Business news from Ukraine

Business news from Ukraine

Trump announced an increase in global import duties from 10% to 15%

21 February , 2026  

US President Donald Trump announced an increase in previously imposed universal import duties from 10% to 15% on goods supplied to the United States from all countries of the world.

The head of state made the announcement during a speech on trade policy and the protection of national industry. According to him, the decision is aimed at reducing the trade deficit, stimulating domestic production, and bringing jobs back to the American economy.

As Trump noted, the tariff increase will be part of a broader strategy of economic protectionism, which includes revising the terms of international trade and strengthening support for American manufacturers. The administration expects that the new measures will increase the competitiveness of domestically produced goods.

Economists warn that the increase in duties could lead to higher prices for imported goods in the US, as well as retaliatory measures from trading partners. Analysts do not rule out increased tension in world trade and additional pressure on global supply chains.

The new tariff rates are expected to come into effect after the necessary administrative procedures have been completed. Business representatives have already expressed concern about the possible increase in the cost of raw materials and components used by American companies.

Earlier, the US administration introduced a base import duty rate of 10%, explaining this by the need to protect the national economy and reduce dependence on foreign supplies.

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