Trump’s 10 Percent Universal Tariffs Take Effect

The baseline tariffs will impact about $3 trillion in imported goods.
Trump’s 10 Percent Universal Tariffs Take Effect
Containers are seen at the Port of Keelung in Keelung, Taiwan, on April 4, 2025. Annabelle Chih/Getty Images
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The first part of President Donald Trump’s sweeping tariff agenda went into effect at 12:01 a.m. on April 5.

A 10 percent baseline universal tariff will apply to all imports, regardless of origin, up from the current average tariff rate of about 2.5 percent.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."