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Trump's latest tariffs come into effect, hitting 90+ countries

02:20

U.S. President Donald Trump's new "reciprocal" tariffs on over 90 countries officially went into effect at midnight on Thursday. Trump posted on social media, "It's midnight… billions will flow into the USA," and described the move as central to a broader plan to rebalance global trade. The new duties, ranging from 10 percent to 50 percent, mark a dramatic shift in U.S. trade policy.

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