Shafaq News/US customs authoritiesbegan enforcing a 10% tariff on all imports from dozens of countries earlySaturday, launching President Donald Trump's sweeping overhaul of global tradepolicy, according to Western media outlets.
The “baseline” tariff took effect at12:01 a.m. ET and applies across goods entering through US ports, airports, andbonded warehouses. According to a Customs and Border Protection (CBP) bulletin,a 51-day grace period will apply to shipments loaded before the deadline andarriving by May 27.
Starting Wednesday, steeperduties—ranging from 11% to 50%—will be imposed on imports from 57 major tradingpartners, including China, the European Union, India, and Vietnam.
“This is the single biggest trade actionof our lifetime,” noted Kelly Ann Shaw, trade lawyer at Hogan Lovells andformer White House adviser, during a Brookings Institution event, asserting,“It’s a seismic shift in how the US trades with every country on earth.”
The market response was immediate. USequities recorded a historic two-day plunge, erasing $5 trillion from theS&P 500 by Friday's close. Commodities slumped, and investors pivotedtoward safe-haven assets like Treasury bonds.
The initial 10% duty covers countriessuch as Australia, the UK, Colombia, Argentina, Egypt, and Saudi Arabia. Thebroader plan, branded “reciprocal tariffs” by the Trump administration, targetscountries with what Washington deems imbalanced trade practices.
Chinese goods will face a cumulative 54%tariff, while imports from the European Union will be levied at 20%. Meanwhile,Vietnam, once a key substitute for Chinese manufacturing in US supply chains,will be hit with a 46% duty. Hanoi has agreed to enter talks with Washington inresponse.
Canada and Mexico remain exempt from thisround but continue to face 25% duties on certain goods under theUS-Mexico-Canada Agreement (USMCA), primarily tied to fentanyl control measuresand compliance with labor and origin standards.
The administration also excluded morethan 1,000 product categories—worth $645 billion in 2024—from the new tariffs.These include crude oil, refined fuels, pharmaceuticals, semiconductors,uranium, titanium, lumber, and copper. However, several of these sectors remainunder review for possible inclusion under national security provisions.
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