Trump’s New Tariff Regime Deepens Global Trade War

“Donald Trump’s global tariffs took effect at 12.01am in Washington on Thursday, pushing American import duties to their highest level in a century as the US president launched a new era of trade rivalry,” the Financial Times reports.

“The increases were implemented despite frantic lobbying by foreign capitals to escape the levies driving Trump’s economic agenda, as a seven-day grace period from the president’s announcement last week of the latest version of the regime elapsed.”

New York Times: “The double-digit tariffs that the president is rolling out on nearly 100 countries represent a momentous change from the trading order that the United States has helped to build since World War II.”