Trump's 10% benchmark tariff policy has come into effect at 12:00 Beijing time
2025-04-05 05:13:37
At 00:01 local time (12:01 Beijing time) on Saturday, Trump's 10% tariffs on all US imports officially went into effect, and the equivalent tariffs will take effect next Wednesday. The 10% benchmark tariffs took effect at US seaports, airports and customs warehouses, marking Trump's complete abandonment of the tariff rate system agreed with all parties after World War II. Kelly Ann Shaw, Trump's White House trade adviser in his first term, said "this is the biggest trade action of our lifetime", and she expects the tariffs to change over time as countries seek to negotiate lower interest rates. "But this is a big deal. This is a huge and significant shift in the way we trade with every country in the world." (Kim X)
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