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Latest Market News

New US import tariffs take effect

  • : Crude oil
  • 25/04/09

US president Donald Trump's targeted import tariffs on the country's main trading partners have taken effect.

Trump's so-called "reciprocal" tariffs came into force at 12:01am ET (05:01 GMT) on 9 April. Tariffs range from 17pc on countries such as the Philippines and Israel to a huge 104pc on imports from China.

Today's targeted levies come after Trump's 10pc baseline tariff on imports from nearly every foreign country already went into effect on 5 April.

There was no immediate response from China. Beijing said on 8 April that it would take unspecified countermeasures against the new tariffs.


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