Trump’s 10% Global 'Baseline' Tariff Takes Effect Amid Market Turmoil

Exporters rush to become USMCA-compliant — but just how hard is that?

MONTREAL - Exporters are stampeding to certify their goods under North America’s free trade pact to avoid new tariffs imposed by the United States.

What is Donald Trump looking for? That’s the question that, in recent days, has investors and analysts from all over the world running in circles. The imposition of 10% tariffs as a basis for all countries—and in many cases with even higher levels, like 35% in the case of China—has sparked panic on global stock exchanges. Losses have not been seen since 2020. Volatility has skyrocketed, and for now, only uncertainty reigns. But one thing that ha…

Emily Thornberry sums up the insanity of Donald Trump's power

Emily Thornberry has perfectly summed up the scary level of power Donald Trump now has in the US, following the disastrous impact of his tariffs. Last week, the US president announced worldwide tariffs on goods entering America, including a 10% universal tariff on all goods and higher rates for the likes of China and the EU, who Trump labelled ‘the worst offenders.’ The tariffs sparked an immediate drop in stock markets across the globe, a trend…

Answering your questions about President Trump’s vast new tariffs

WASHINGTON (AP) — After weeks of anticipation and speculation, President Donald Trump followed through on his tariff threats this week by declaring a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States. Global markets cratered the day after the announcement and then fell further when China announced it would retaliate with tariffs equal to the ones the U.S. i…

President Donald Trump’s recent decision to impose “reciprocal tariffs” on the entire world has generated a wave of uncertainty and concern in global markets. This measure, which marks a clear departure from the policies of trade liberalization and globalization that have dominated the world economy during the second half of the twentieth century, raises serious questions about the future of the international economic order.

With its customs policy, US President Donald Trump is shaking the global economy. Russian propagandists are not shocked at all.