Washington DC, Feb. 21 -- US President Donald Trump on Friday (US local time) signed an order making 10 per cent global tariff on all countries, effective "almost immediately".

Sharing the announcement in a post on Truth Social, the US President said, "It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately. Thank you for your attention to this matter! PRESIDENT DONALD J. TRUMP"

A White House official stated that this new tariff will remain in place until another authority is invoked, emphasising the expectation that trade partners abide by US trade deals.

The official also advised all the trade partners to abide by the trade deals. The new 10% glo...