(The Hill) -- President Donald Trump’s latest rollout of “reciprocal” tariffs on dozens of trading partners has formally taken effect as of Thursday morning.

“IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA,” the president wrote just before midnight on Truth Social.

In another post early Thursday, Trump wrote, "Tariffs are flowing into the USA at levels not thought even possible!"

The president signed an executive order last week unveiling new tariff rates and delayed the implementation date by roughly a week. Now, nearly all imports will face a 10 percent tariff.

Some nations will stare down higher import tax rates, such as Syria with 41 percent, Laos at 40 percent and Switzerland at 39 percent. Indonesia and Thailand will face a 19 pe

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