The Trump administration imposed the replacement for 10% "global tariffs" that expired at midnight on Thursday. The suite of new duties, which Trump's team hopes will be permanent, went immediately into effect at 12:01 a.m. Trump's trade office said in a fact sheet on Thursday that this order will apply to 60 of the top US trade partners and cover 99.4% of US imports. Read more: What Trump's tariffs mean for the economy and your walletPresident Trump is seen on Wednesday after getting off Air Force One at Joint Base Andrews in Maryland. The new tariffs also provide a series of exemptions for goods in transit, as well as for goods subject to other trade agreements and tariff authorities.