What to Know
- After months of delays and extensions, President Donald Trump’s comprehensive and sweeping tariffs slate took effect Thursday just after midnight, shifting his global trade reset into high gear.
- Most imports into the United States will now face a baseline 10% duty, with the overall average effective tariff rate rising to more than 17% — the highest since 1935, during the Great Depression.
- A meeting between Trump and Russian President Vladimir Putin has been agreed to, a Kremlin official said.
President Donald Trump’s comprehensive and sweeping tariffs slate took effect just after midnight, shifting his global trade reset into high gear. Follow along for live updates.
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