Golden Finance reports that at 0:01 local time on Saturday (12:01 Eastern Time in the USA), Trump's 10% tariff on all imported goods to the United States officially came into effect, and reciprocal tariffs are set to take effect next Wednesday. The basic 10% tariff has taken effect at American ports, airports, and customs warehouses, marking a complete departure from Trump's tariff rate system, agreed upon with various parties after World War II. Kellyanne Conway, trade advisor in the White House during Trump's first term, said: "This is the largest trade action we have taken in our lifetime," she expects tariffs to change over time as countries seek negotiations to lower interest rates. "But this is a big deal. It represents a huge and significant shift in how we trade with every country in the world."#TrumpTariffs