URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Democratic System In Nigeria Gradually Lossing Popularity, Primate Ayodele Tells Tinubu
    August 25, 2024
    ‘We’re Not Barren But Fruitful, Obaseki’s Wife Response Against oshiomhole’s Outburst
    September 8, 2024
    Outstanding  Salaries: we’ll Embark On Nationwide Strike, SSANU, NASU Warns FG
    September 19, 2024
    Latest News
    2027: Presidency: Regardless of ADC Zoning, I’m Still in the Race-Rotimi Ameachi
    August 28, 2025
    2027: Olawepo-Hashim; Real Reason I’m Not In Support of Zoning Principle
    August 28, 2025
    Ex-Ondo Gov Aide: Traditional rulers’ Powers End At the LG Level
    August 27, 2025
    2027: Members Endorsing Tinubu Will Face Serious Sanctions-PDP Party Chieftain
    August 26, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: US Starts Collection of New 10% Tariff
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Discover > US Starts Collection of New 10% Tariff
DiscoverPolitics

US Starts Collection of New 10% Tariff

urbanexpresslive
Last updated: April 5, 2025 8:46 am
urbanexpresslive
Share
2 Min Read
SHARE

Olusegun Ariyo

US customs agents on Saturday began collecting President Donald Trump’s unilateral 10% tariff on all imports from many countries, with higher levies on goods from 57 larger trading partners due to start next week.

Urban Express News Online reports that the initial 10% baseline tariff took effect at US seaports, airports and customs warehouses at 12:01 a.m. ET (0401 GMT), ushering in Trump’s full rejection of the post-World War Two system of mutually agreed tariff rates.

A trade lawyer at Hogan Lovells and former White House trade adviser during Trump’s first term, Kelly Ann Shaw, said this is the single biggest trade action of our lifetime.

Shaw told a Brookings Institution event on Thursday that she expected the tariffs to evolve over time as countries seek to negotiate lower rates.

“But this is huge. This is a pretty seismic and significant shift in the way that we trade with every country on earth,” she added.

The Wednesday tariff announcement shook global stock markets to their core, wiping out $5 trillion in stock market value for 500 companies by the close of Friday, a record two-day decline.

Prices for oil and commodities were said to have plunged, while investors fled to the safety of government bonds.

Among the countries first hit with the 10% tariff are Australia, Britain, Colombia, Argentina, Egypt and Saudi Arabia.

A US Customs and Border Protection bulletin to shippers indicates no grace period for cargoes on the water at midnight on Saturday.

However, a US Customs and Border Protection bulletin did provide a 51-day grace period for cargoes loaded onto vessels or planes and in transit to the US before 12:01 a.m. ET Saturday.

You Might Also Like

Court Rejects Anyanwu’s Bid  To Stop INEC From Effecting Removal As PDP Secretary

How Lagos Police Arrested Three For Allegedly Defiling 15-year-old Girl

PDP Imbriglio: if Wabara Were My Father, I’d have Disowned him-Wike

I’m Not Involved In Intercepting Anyone’s Husband-Actress Biodun okeowo

Why Elon Musk Haven’t Rested Since Acquiring X-Shehu Sani

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article 2025 LG Election: LASIEC Dismisses Timetable Circulating Online
Next Article Edo Killings: How Police Arrested ‘Impostor” Threatening Reprisal on Southern Kaduna Inhabitants
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

Viewing nutrition beyond academics
Column August 29, 2025
Transfer: What Genk Coach Said Regarding Arokodare’s Wolves Move
Urban Sports August 29, 2025
Transfer: Simons, Nkunku Set To Undergo Tottenham, AC Milan Medicals
Urban Sports August 29, 2025
‘Nonsense ’-Why Agbonlahor Slams Man United Striker, Sesko Over Penalty Decision
Urban Sports August 29, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account