04/05/2025April 5, 2025
Trump’s universal 10% tariff on UK, Brazil, Singapore and many other countries takes effect
US President Donald Trump’s universal 10% tariff on all goods imports from many of the country’s trading partners was introduced on Saturday.
The “baseline” 10% tariff took effect at the stroke of midnight in the eastern US, marking the start of a new era in global trade.
The , , are some of the countries facing the 10% levies.
Trump’s tariffs — a tax on foreign imports — have upended the global trading order that has been in place since the end of World War II, under which nations traded under mutually agreed rates.
Kelly Ann Shaw, a former White House trade advisor during Trump’s first term, said this week that the move, which she described as the “biggest trade action of our lifetime,” represents “a pretty seismic and significant shift” for trade between the US and its largest partners.
The US president’s announcement of “reciprocal” tariffs last Wednesday — which he termed “Liberation Day” — has sent global markets tumbling and stoked fears of a global recession.
Some $5 trillion (€4.56 trillion) were wiped from the stock market by the end of trading on Friday, the largest sell off since the pandemic.
Higher tariffs, ranging from 11% to 50%, on dozens of the US biggest trading partners are due to take effect at midnight on Wednesday, April 9.
Imports from the will be hit with a 20% tariff. Goods from will face a 34% tariff, on top of a 20% levy on Chinese goods implemented by the Trump administration earlier.
Imports of steel and aluminum, as well as cars, trucks and auto parts, will be exempt from the latest tariffs as they are subject to a separate 25% national security tariff.
The energy sector, which in 2024 was valued at $645 billion in imports, has also been exempt from the tariffs.
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