The White House said on the 20th (local time) that the 10% "global tariff" signed by President Donald Trump immediately after the Supreme Court's ruling that the "reciprocal tariff" was illegal will take effect from 12:01 a.m. Eastern time on the 24th.
In a proclamation that day, the White House said new tariffs would be waived for some items, including critical minerals and passenger cars.
According to the proclamation, certain electronic devices, passenger cars, bus-related parts, and certain aerospace products were specified as exempt from tariffs.
Natural resources and fertilizers that cannot be grown, mined, or produced in the United States were also included as exceptions.
Earlier, the U.S. Supreme Court ruled that President Donald Trump's tariff imposition based on the International Emergency Economic Powers Act (IEEPA) was illegal. Accordingly, the reciprocal tariff that Trump introduced in April last year was also nullified.
In response, Trump signed a 10% "global tariff" on all countries in the world based on Section 122 of the Trade Act.
Section 122 of the Trade Act, enacted in 1974, provides that if the president determines that external economic conditions, such as a deterioration in the U.S. trade balance, are urgent, the president may impose tariffs of up to 15% for up to 150 days.