The United States’ new all-encompassing tariffs, introduced by President Donald Trump, officially came into force on Thursday, intensifying his administration’s ongoing global trade war.
“It’s midnight. Billions of dollars from tariffs are now flowing into the United States of America,”
Trump announced on social media, just minutes before the midnight deadline in Washington, according to the BBC.
Among the key targets is India, which now faces a 50% tariff, scheduled to take effect on August 27—unless it halts its purchases of Russian oil.
In another bold move, Trump has threatened a 100% tariff on foreign-manufactured computer chips, pressuring tech companies to relocate production to the U.S.
This comes in the wake of Apple’s announcement of a $100 billion investment in U.S. manufacturing, reportedly following mounting pressure from the White House to reshore production.
Last week, the Trump administration released an updated list of import taxes affecting dozens of trade partners, and extended the deadline to August 7 for countries to strike individual trade deals with Washington.
Nations around the world have been racing to negotiate exemptions or reductions to what Trump refers to as “reciprocal tariffs”—measures he claims are necessary to reform a global trade system that, in his view, has treated the United States unfairly for decades.
