LBCI

US starts collecting Trump's new 10% tariff, smashing global trade norms

World News

05-04-2025 | 03:45

Share

Share

US starts collecting Trump's new 10% tariff, smashing global trade norms

2^min

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 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.

Trump's Wednesday tariff announcement shook global stock markets to their core, wiping out $5 trillion in stock market value for S&P 500 companies by Friday's close, a record two-day decline. Prices for oil and commodities plunged, while investors fled to the safety of government bonds.

Among the countries first hit with the 10% tariff are Australia, Britain, Colombia, Argentina, Egypt and Saudi Arabia. A U.S. Customs and Border Protection bulletin to shippers indicates no grace period for cargoes on the water at midnight on Saturday.

Reuters

World News

US

Collect

Trump

Tariff

Global

Trade

Next

Myanmar quake death toll at 3,354

Trump TikTok sale deadline looms as US looks for deal

Previous

Recommended For You

Ukraine says it hit Russian military airfield

04:34

Ukraine says it hit Russian military airfield

Turkey arrests three more opposition mayors

02:53

Turkey arrests three more opposition mayors

Trump says tariff letters to 12 countries signed, going out Monday

00:34

Trump says tariff letters to 12 countries signed, going out Monday

Trump says Iran refused inspections and uranium enrichment halt

Middle East News

00:24

Trump says Iran refused inspections and uranium enrichment halt

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Justice Minister pledges full cooperation with UN body on Lebanese missing in Syria

05:33

Justice Minister pledges full cooperation with UN body on Lebanese missing in Syria

Trump says 'very unhappy' after Ukraine call with Putin

00:13

Trump says 'very unhappy' after Ukraine call with Putin

On the 20th anniversary of Samir Kassir’s assassination, PM Salam honors his legacy

2025-06-02

On the 20th anniversary of Samir Kassir’s assassination, PM Salam honors his legacy

Interior Ministry receives 174 complaints, majority from Akkar and Tripoli

2025-05-11

Interior Ministry receives 174 complaints, majority from Akkar and Tripoli

Videos

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

2025-07-01

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

2025-06-10

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

Kuwait rolls out official welcome for Lebanon's President Aoun – video

2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

News Bulletin Reports

2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

Most read

24 hours

7 days

Month

Future of Hezbollah's arsenal: US envoy's visit nears as Lebanon finalizes response to US proposal

1

Future of Hezbollah's arsenal: US envoy's visit nears as Lebanon finalizes response to US proposal

Amal Movement demands Israeli withdrawal, rejects political conditions tied to reconstruction

2

Amal Movement demands Israeli withdrawal, rejects political conditions tied to reconstruction

Trump-Netanyahu talks loom: Syria sets conditions for recognizing Israel

3

Trump-Netanyahu talks loom: Syria sets conditions for recognizing Israel

Israeli army says it killed Lebanese operative linked to Iran's Quds Force

4

Israeli army says it killed Lebanese operative linked to Iran's Quds Force

Sources to LBCI: Lebanon to hold key meeting on US proposal response at Baabda Palace

5

Sources to LBCI: Lebanon to hold key meeting on US proposal response at Baabda Palace

No justice yet: Beirut Port explosion indictment unlikely before fifth anniversary

6

No justice yet: Beirut Port explosion indictment unlikely before fifth anniversary

UNFPA donates medical equipment to support Lebanon’s primary healthcare system

7

UNFPA donates medical equipment to support Lebanon’s primary healthcare system

Justice Minister pledges full cooperation with UN body on Lebanese missing in Syria

8

Justice Minister pledges full cooperation with UN body on Lebanese missing in Syria

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More