Trump's 10% global tariffs take hold, despite 15% threat over the weekend

President Trump's revised 10% global tariffs took effect across the United States on Tuesday, marking a significant shift from his weekend announcement that initially threatened with a 15% rate, as the administration continues its protectionist trade policy. The implementation comes amid ongoing trade tensions between the US and its global trading partners, with businesses and consumers bracing for potential economic repercussions. CBS News business contributor Javier David reported that while the tariffs are now in place at the lower rate, the administration remains committed to using trade measures as leverage in negotiations with other nations. The decision to scale back from the threatened 15% to the implemented 10% suggests the administration may be recalibrating its approach amid concerns about potential backlash from both domestic industries and international partners. The global tariffs represent the latest move in Trump's broader America First economic strategy, which has previously targeted specific countries and sectors with punitive tariffs.