Donald Trump global tariffs took effect at 12.01am in Washington on Thursday, pushing US import duties to their highest level in a century as the US president launched a new era of trade rivalry.
The escalation came 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.
Swiss President Karin Keller-Sutter flew home from Washington on Wednesday after failing in a last-ditch attempt to evade some of Trump’s harshest duties. Taiwan, a crucial chips exporter, also failed to cut its tariff rate.
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