US is starting to collect the 10% Trump invoice by collapsing global commercial rules

• Trump invoices cause a loss of $ 5 trillion in the S&P 500 value.
• The exceptions include slow oil, medicinal products and semiconductors.
• China says “the market has talked” about Trump invoices.

US Customs agents began collecting 10% of President Donald Trump’s 10% invoice in all imports from many countries on Saturday, with higher contributions to goods from 57 larger commercial partners to begin next week.

The initial 10% “basic” invoice paid by US importers came into force on US maritime, airports and customs warehouses at 12:01 am. Et (0401 GMT), introducing the complete rejection of the post -war system of mutual agreed prices.

“This is the only biggest commercial action of our lives,” said Kelly Ann Shaw, a lawyer for the Hogan Lovells lawyer and former White House Commerce Consultant during Trump’s first term.

Shaw told the Brookings Institution event on Thursday that she expected that invoices would evolve over time, as countries seek to negotiate lower interest rates. “This is a beautiful seismic and significant shift to the way we market every country on Earth,” he added.

Wednesday Wednesday’s Wednesday announcement pushed worldwide stock markets, wiping $ 5 trillion worth of the S&P 500 index companies from Friday’s closure, a two -day decline. Driven by fears of recession, oil prices and goods were immersed, while investors left the security of government bonds.

Among the countries that hit the 10% invoice for the first time was Australia, Britain, Brazil, Colombia, Argentina and Saudi Arabia, despite the fact that they have trade deficits with the US last year. White house officials said many countries would carry out larger deficits with the US if their policies were fairer.

An American Customs and Border Protection Bulletin provided a period of 51 days for loads loaded or during transport to the US before 12:01 am. Saturday. These loads must reach until May 27 to avoid 10% task.

The highest “reciprocal” rates of Trump from 11% to 50% will come into force on Wednesday at 12:01 AM. European Union imports will face a 20%invoice, while Chinese goods will be charged with a 34%invoice, bringing Trump’s total contributions to China to 54%.

Beijing on Saturday said: “The market has spoken” by rejecting Trump’s invoices. China applied a multitude of countermeasures, including additional 34% contributions to all US goods and export contempt for some frequent land.

“China has hit much harder than the US, not even close,” Trump said on social media on Saturday. “This is an economic revolution and we will win.

Shortly after the comment was published, Trump was found to reach his Trump National Golf Club in Jupiter, Florida, reading a New York Post article covering China’s retaliation on US invoices and the fall of the stock market.

Shelter from the storm

“A trade war has no interest.

Some world leaders hope to reach an agreement with Trump and prevent the financial decline, while others weighed countermeasures.

British Prime Minister Keir Starmer wrote to the Telegraph newspaper that he was ready to “use industrial policy to help to resort to British businesses”, noting that his government’s priority was to try to secure a trade agreement with the US.

Israeli Prime Minister Benjamin Netanyahu said he will leave Washington on Sunday for a meeting with Trump to discuss the new 17% invoice in Israel.

The media reported that Prime Minister Shigeru Ishiba of Japan, who faces a 24% contribution, was looking for a phone conversation with the US president.

Vietnam, which benefited from the shift of US supply chains away from China after Trump’s first trade war with Beijing, agreed Friday to discuss an agreement with the US after Trump announced a 46% invoice to Vietnam’s imports.

The head of the Taiwan National Security Council was in Washington for talks that were expected to include invoices, one source said. Taiwan President Lai Ching-Te accumulated with technology executives on Saturday to discuss how to respond to 32% of the duties imposed on its products.

Italian economy Minister Giancarlo Giorgetti warned Saturday against imposing reprisal prices in the United States, saying in a business forum near Milan that could cause damage.

Billionaire Elon Musk, a close adviser to Trump, said in a political event in Italy from the video on Saturday that he hoped to see complete freedom of trade between the United States and Europe, which he described as “zero duty”.

Canada and Mexico are exempt from Trump’s latest duties, but still face a 25% invoice recently imposed on goods that do not comply with the rules of origin under North America agreement.

While Trump’s order excluded 1,000 categories of products from new invoices, such as pharmaceuticals, uranium and semiconductors, the administration is considering new tasks in some of them.