The United States has Already Begun to Collect the Imposed Duties on Imported Goods, Reuters Reports
This is confirmed by Commerce Secretary Howard Lutnick, who said that the new tariffs are taking effect without delay and despite the desire of some countries to negotiate on this issue.
“There is no delay… The president needs to reset global trade: Everyone has a trade surplus, and we have a trade deficit,” Lutnik told CBS when asked if Trump was considering delaying the tariffs.
According to Reuters, the US has already begun to impose 10 percent tariffs on a number of countries. The norm has come into force at seaports.
And from Wednesday, it will begin to levy higher tariffs on goods from its 57 largest trading partners, including the EU and China.
Meanwhile, world leaders are planning talks with Trump to reduce or eliminate tariffs. Israeli Prime Minister Netanyahu is flying to Washington today, and the leaders of Japan, Taiwan and Vietnam are also set to call him.
At the same time, Reuters recalls that Trump’s decree exempted a thousand categories of goods from new duties, such as pharmaceuticals, uranium and semiconductors (the possibility of imposing duties on them is under consideration).
US starts collecting Trump’s 10% tariff, smashing global trade norms
– Trump’s tariffs impact global markets, causing $5 trillion loss in S&P 500 value
– Countries like Australia, Britain and Saudi Arabia face immediate 10% tariff
– Exemptions include crude oil, pharmaceuticals and semiconductors
– China says ‘market has spoken’ on Trump tariffs
WASHINGTON/JUPITER, Florida, April 5 (Reuters) – U.S. customs agents began collecting President Donald Trump’s unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.
The initial 10% “baseline” tariff paid by U.S. importers took effect at U.S. seaports, airports and customs warehouses at 12:01 a.m. ET (0401 GMT), ushering in Trump’s full rejection of the post-World War Two system of mutually agreed tariff rates.
“This is the single biggest trade action of our lifetime,” said Kelly Ann Shaw, a trade lawyer at Hogan Lovells and former White House trade adviser during Trump’s first term.
Shaw told a Brookings Institution event on Thursday that she expected the tariffs to evolve over time as countries seek to negotiate lower rates. “This is a pretty seismic and significant shift in the way that we trade with every country on earth,” she added.
Trump’s Wednesday tariff announcement shook global stock markets, wiping out $5 trillion in value for S&P 500 index (.SPX), opens new tab companies by Friday’s close, a record two-day decline. Driven by recession fears, prices for oil and commodities plunged, while investors fled to the safety of government bonds.
Among the countries first hit with the 10% tariff were Australia, Britain, Brazil, Colombia, Argentina and Saudi Arabia despite their having goods trade deficits with the U.S. last year. White House officials have said many countries would run larger deficits with the U.S. if their policies were fairer.
A U.S. Customs and Border Protection bulletin provided a 51-day grace period, opens new tab for cargoes loaded or in transit to the U.S. before 12:01 a.m. ET Saturday. These cargoes need to arrive by May 27 to avoid the 10% duty.
Trump’s higher “reciprocal” tariff rates of 11% to 50% are due to take effect on Wednesday at 12:01 a.m. ET. European Union imports will face a 20% tariff, while Chinese goods will be hit with a 34% tariff, bringing Trump’s total new levies on China to 54%.
Beijing on Saturday said, “The market has spoken” in rejecting Trump’s tariffs. China applied a slew of countermeasures, including extra levies of 34% on all U.S. goods and export curbs on some rare earth minerals.
“China has been hit much harder than the USA, not even close,” Trump said on Saturday on social media. “THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the end result will be historic.”
Shortly after posting the comment, Trump was spotted arriving at his Trump National Golf Club in Jupiter, Florida, reading a New York Post article covering China’s retaliation to U.S. tariffs and the stock market fall.
Containers are stacked on the deck of cargo ship One Minato at Port Liberty New York in Staten Island, New York, U.S., April 2, 2025.
A cargo ship full of shipping containers is seen at the port of Oakland, as trade tensions escalate over U.S. tariffs, in Oakland, California, U.S., March 6, 2025.
SHELTER FROM THE STORM
Reporting by David Lawder in Washington and Trevor Hunnicutt in Jupiter, Florida; Writing by Michael Martina; editing by Diane Craft, Cynthia Osterman and David Gregorio.
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Resources:
https://t.me/intelslava/74281
https://www.reuters.com/markets/us-starts-collecting-trumps-new-10-tariff-smashing-global-trade-norms-2025-04-05/
