#Trump tariffs# 10% import duty# reciprocal tariffs# global trade disruption# China tariffs# US trade war
Washington DC/IBNS-CMEDIA: Customs officials across the US began collecting a 10% tariff on all imports from a wide range of countries on Saturday, marking the implementation of President Donald Trump’s sweeping trade policy, according to a Reuters report.
The tariff, described as a “baseline” duty, came into force at ports, airports and customs warehouses at 12:01 a.m. ET, signalling a firm departure from the post-World War II consensus on negotiated tariff rates.
“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 during Trump’s first term, according to the Reuters report.
