On April 5, 2025, the US started enforcing new 10% tariffs on imports, marking a significant shift in the country's trade policy.
Implementation of the New Tariff
As reported by Reuters, customs agents in the US began collecting the new 10% tariff at midnight on April 5, 2025, with no grace period for new shipments. This step is expected to adversely affect global trade.
Types of Tariffs and Their Consequences
The initial wave of 10% tariffs affects a wide range of countries, including Australia, Britain, and Saudi Arabia. It is expected that additional tariff rates, which could reach up to 50%, will take effect next Wednesday based on alleged unfair trade practices.
Industries Affected by the New Tariffs
The most affected sector is the alcohol industry, facing new tariffs on imported beer and other spirits. Experts warn of a potential 20% drop in sales for European wines and spirits.
The new tariff regulations in the US introduce considerable changes to international trade, raising questions about the future of trade relations with various countries.
