The United States brought into force a new 10 percent tariff on imported goods not covered by exemptions on Tuesday, intensifying trade policy uncertainty for global businesses and markets.

The tariff move follows a Supreme Court decision that struck down earlier tariff measures, prompting the White House to use alternative legal authority to impose the new duties.

Traders warned that ambiguity around tariff rates and durations is complicating corporate planning and supply chain strategies worldwide.

Major trading partners, including European and Asian exporters, are closely monitoring developments and considering potential responses or adjustments.

The unpredictability of U.S. trade policy continues to weigh on global market confidence.

Exporters said the shifting tariff landscape makes long-term contracts and pricing decisions more complex, especially for industries reliant on integrated supply chains across multiple regions.

Manufacturers and retailers highlighted rising compliance costs and operational uncertainty as firms reassess logistics and sourcing strategies.

Analysts said that such policy unpredictability can slow investment decisions and dampen cross-border trade flows, particularly for smaller exporters with less pricing power.

Financial markets reacted to tariff news with increased skittishness, as investors priced in potential trade headwinds alongside macro and AI-linked risks.

Currency markets saw modest volatility, reflecting the tug-of-war between risk appetite and safe-haven flows. Bond markets remained relatively stable, with yields reflecting broader caution rather than sharp directional bets.

International trade organisations urged clearer communication and coordination with the United States to reduce friction and maintain confidence in global trade architecture.

Some investors said that clarity on the tariff regime’s duration and exemptions will be essential to stabilising markets and encouraging investment.

Looking ahead, markets will treat trade policy developments as a key risk factor, especially as geopolitical tensions and economic uncertainty continue to intersect with corporate earnings and macro data releases.

Source: Reuters