US EditionTrump’s 10% Global 'Baseline' Tariff Takes Effect Amid Market Turmoil
- The United States has started collecting President Donald Trump's 10 percent tariff on imports from various countries.
- Trump's tariff announcement caused a significant impact, erasing $US5 trillion in market value for S&P 500 companies by Friday's close.
- Higher tariffs on goods from 57 trading partners will begin next week, with tariffs at 20 percent for European Union imports and 34 percent for Chinese goods.
- Trump stated that his sweeping tariffs represent "the single biggest trade action of our lifetime" and believes in an "economic revolution" for Americans.
351 Articles
351 Articles
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…
Washington Top News
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.
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