KEY POINTS

A swath of President Trump's new trade tariffs went into effect Thursday.

The levies impact over 60 countries and range from 10% to 50%.

The new fees arrive amid a U.S. economy that's showing signs of slowing.

A swath of President Donald Trump’s reciprocal tariff declarations went into effect Thursday and the country’s chief executive, who has described himself as “Tariff Man”, took to social media Wednesday night to note the occasion.

“IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!,” Trump posted to Truth Social just before midnight.

In another posting earlier in the evening, the president said new tariffs were set to even the playing field of international trade and suggested the only factor that could slow down his e

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