Asweeping 10% tariff on imports into the United States officially took effect at
Asweeping 10% tariff on imports into the United States officially took effect at 12:01 a.m. ET on Saturday, marking a major overhaul of global trade norms as President Donald Trump presses forward with his protectionist agenda. U.S. Customs and Border Protection agents began collecting duties on incoming goods at ports, airports, and customs warehouses nationwide.
The tariff applies broadly to imports from most countries, with steeper duties targeting key trading partners such as the European Union, China, and Vietnam set to kick in on Wednesday. These additional “reciprocal” tariffs will range from 11% to 50%, with Chinese goods hit the hardest at 34% — bringing the total effective rate on Chinese imports to 54%.
“This is the single biggest trade action of our lifetime,” said Kelly Ann Shaw, a trade lawyer at Hogan Lovells and former White House trade adviser under Trump. Speaking at the Brookings Institution on Thursday, Shaw described the tariffs as a “seismic” change in global commerce. “This is a pretty significant shift in the way that we trade with every country on earth.”
Global Market Reaction
Markets were rattled by the sudden imposition of tariffs. The S&P 500 lost a record $5 trillion in value over the past two days, with
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