US EditionTrump’s 10% Global 'Baseline' Tariff Takes Effect Amid Market Turmoil
- US Customs agents have begun collecting a 10 percent tariff on imports from numerous countries, starting at seaports, airports, and customs warehouses.
- Countries such as Australia, the United Kingdom, and China are affected by the tariff, while Canada and Mexico are exempt due to existing regulations.
- Donald Trump stated, "this is the single biggest trade action of our lifetime," reflecting on the global market's reaction to the tariffs.
- In retaliation, China announced a 34 percent tariff on all US imports, with market concerns increasing over the economic outlook amid escalating trade tensions.
208 Articles
208 Articles
U.S. starts collecting Trump’s new 10% tariff, smashing global trade norms
U.S. customs agents began collecting U.S. President Donald Trump’s unilateral 10 per cent tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.
World trade - First new US tariffs in force - Central Bank Chief Powell warns against negative effects
In the US, the first new tariffs imposed by US President Trump have entered into force. They have been in force since 00.01 local time in Washington. Initially, the minimum rate of ten percent applies to imports into the US. Countries such as Australia, Brazil, the UK and Turkey are affected by this.
Further Review: A History of U.S. Tariffs | The Spokesman-ReviewArrow-rightCameraThe Spokesman-Review Newspaper
Tariffs are essentially a tax on imports. Last year, the U.S. expected to take in about $40.4 billion in customs duties and fees on imported goods. You’re hearing a lot of partisan talk these days about increases in tariffs — especially goods from China. But the truth is, this kind of talk is nothing new. Tariffs in the U.S. have always been politicized. They’re often protectionist or retaliatory. And while it’s easy to argue that higher tariffs…
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