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

Strike or bluff? Israel raises stakes ahead of US-Iran talks

News Bulletin Reports

12:53

Strike or bluff? Israel raises stakes ahead of US-Iran talks

With eyes on Iran, US sharpens Lebanon focus in high-stakes visit

12:52

With eyes on Iran, US sharpens Lebanon focus in high-stakes visit

Trump says Israel may strike Iran but wants to avoid conflict

12:50

Trump says Israel may strike Iran but wants to avoid conflict

Iran escalates after IAEA rebuke; US pulls staff amid rising tensions — are war drums beating?

News Bulletin Reports

12:46

Iran escalates after IAEA rebuke; US pulls staff amid rising tensions — are war drums beating?

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Le Drian says Lebanon does not have time, so it must expedite the approval of required reform laws

2025-06-10

Le Drian says Lebanon does not have time, so it must expedite the approval of required reform laws

With eyes on Iran, US sharpens Lebanon focus in high-stakes visit

12:52

With eyes on Iran, US sharpens Lebanon focus in high-stakes visit

Syria's Sharaa rejects Kurdish demands for decentralization

Middle East News

2025-04-27

Syria's Sharaa rejects Kurdish demands for decentralization

US Ambassador says Israel will not take part in distributing Gaza aid

Israel-Gaza War Updates

2025-05-09

US Ambassador says Israel will not take part in distributing Gaza aid

Videos

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

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

Most read

24 hours

7 days

Month

With eyes on Iran, US sharpens Lebanon focus in high-stakes visit

1

With eyes on Iran, US sharpens Lebanon focus in high-stakes visit

Lebanese President Aoun to meet Pope Leo XIV during Rome visit

2

Lebanese President Aoun to meet Pope Leo XIV during Rome visit

Defense Minister visits UNIFIL in Naqoura, condemns attacks and calls for mandate renewal

3

Defense Minister visits UNIFIL in Naqoura, condemns attacks and calls for mandate renewal

Reform or relapse: French envoy Le Drian backs arms monopoly, UNIFIL role in securing Lebanon’s future—LBCI interview

4

Reform or relapse: French envoy Le Drian backs arms monopoly, UNIFIL role in securing Lebanon’s future—LBCI interview

Jeita Grotto set to reopen soon as tourism ministry, municipality reach deal

5

Jeita Grotto set to reopen soon as tourism ministry, municipality reach deal

Major General Abdallah receives Army Commander; stress importance of coordination between security agencies

6

Major General Abdallah receives Army Commander; stress importance of coordination between security agencies

Strike or bluff? Israel raises stakes ahead of US-Iran talks

7

Strike or bluff? Israel raises stakes ahead of US-Iran talks

Syria condemns 'blatant violation' of sovereignty after Israeli incursion

8

Syria condemns 'blatant violation' of sovereignty after Israeli incursion

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