U.S. Tariffs on Imports Start
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Business & Economics
U.S. begins collecting its 10% ‘baseline’ global tariffs on many countries - National | Globalnews.ca
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The initial 10 per cent “baseline” tariff to be paid by U.S. importers took effect at US seaports, airports and customs warehouses at 12:01 a.m. ET ( 0401 GMT ) The higher levies on goods from 57 larger trading partners due to start next week .
China said “the market has spoken” in rejecting Trump ’s tariffs after it hit Washington with a slew of countermeasures, including extra levies of 34 per cent .
Valued at $645 billion in 2024 imports, these include crude oil, petroleum products and other energy imports, pharmaceuticals, uranium, titanium, lumber and semiconductors and copper. Except for energy, the Trump administration is investigating several of these sectors for further national security tariffs. Reporting by David Lawder in Washington and Trevor Hunnicutt in Jupiter , Florida ; editing by Diane Craft .
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