Trump's 'reciprocal' tariffs come into effect, hitting dozens of U.S. trading partners

U.S. President Donald Trump's alleged "reciprocal" tariffs took effect connected Thursday, imposing higher duties connected galore of the country's trading partners' exports to the U.S.

"IT'S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!" Trump wrote on societal media level Truth Social.

In an earlier post Trump had said the tariffs were targeting "COUNTRIES THAT HAVE TAKEN ADVANTAGE OF THE UNITED STATES FOR MANY YEARS."

Trump past week — up of his Aug. 1 tariffs deadline — rejigged the tariff rates and pushed backmost the deadline to Aug. 7.

Some of the steepest duties see Syria's 41%, and Laos and Myanmar's 40% rate, portion Switzerland — aft being unsuccessful successful a last-minute scramble for a woody — is facing 39% tariffs.

Swiss negotiators this week travelled to Washington D.C. for talks aft the country's higher complaint came arsenic a astonishment to many, but truthful far, nary woody appears to person been agreed. An update is expected from the Swiss authorities aboriginal connected Thursday.

Separately, Brazil and India are some present facing duties of 50%. While Brazil's tariffs look to person kicked in, India's complaint is astatine 25% for now, and volition emergence to 50% aboriginal this month, according to an enforcement bid signed Wednesday. Trump said his tariffs connected India are related to its existent purchases of Russian oil.

Other countries and regions, meanwhile, person been capable to onslaught commercialized agreements with the U.S. This includes the European Union, Japan and South Korea — which each present look 15% tariffs — arsenic good arsenic the U.K., which negotiated a 10% rate.

Others, including China and Mexico, stay successful limbo. China is engaged successful thing of a commercialized truce with the U.S. for now, portion antecedently announced rates for Mexico are connected pause.