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The United States will implement new tariff regulations starting at midnight on April 5, affecting countries including Australia, the United Kingdom, and Colombia. Goods that were shipped before this date will have a 51-day exemption period, allowing them to avoid a 10% tariff if they arrive by May 27. The reciprocal tariff rates to be introduced later will range from 11% to 50%, with EU goods facing a 20% tariff, Taiwan at 32%, and China at 34%. Including the previous 20% tariff, the total accumulates to 54%. Trump stated that this will bring the U.S. back to its "golden age," but the stock market plummeted, resulting in a loss of $5 trillion in market value. China and the EU immediately announced countermeasures, and experts predict that consumers will face rising prices, noting that this marks a significant shift in the U.S. trade approach.

Starting from 12:01 AM Eastern Time on Saturday (April 5), new regulations will be implemented at U.S. ports, airports, and customs warehouses. The first group of affected countries includes Australia, the United Kingdom, Colombia, Argentina, Egypt, and Saudi Arabia. However, according to an announcement from U.S. Customs and Border Protection, goods shipped or boarded for the U.S. before Saturday morning will have a grace period of 51 days. These goods, if they arrive before 12:01 AM on May 27, will be exempt from a 10% tariff.

Beginning next Wednesday (April 9), the "reciprocal tariffs" will be enforced, with rates ranging from 11% to 50%. Goods from the European Union will face a 20% tariff, while goods from Taiwan will incur a 32% tariff. Chinese goods will be subjected to a 34% tariff, plus the 20% tariff already imposed by Trump on all imports from China, resulting in a cumulative tariff rate of 54%.

When announcing the new tariff policy this Wednesday, Trump stated that these tariffs would bring the U.S. back to a "golden era," but the stock market subsequently plummeted, with the market value of companies in the S&P 500 evaporating by $5 trillion in two days. On Friday, China implemented a 34% retaliatory tariff on U.S. imports, while the European Union indicated it would take retaliatory measures, and other countries, including India, are taking a wait-and-see approach.

This is Trump's most aggressive step in his trade policy to date. Economists point out that American consumers will face significant price increases, and consumers in other parts of the world will also feel the pressure. A trade lawyer from Hogan Lovells said, "This is a dramatic shift and a major turning point in the way we trade with every country in the world." However, she also anticipates that these tariffs will adjust as negotiations unfold between countries.

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