U.S. President Donald Trump's wide-ranging tariffs are expected to go into effect at 12:01 am ET, Thursday, just as the economic fallout of the president's months-long tariff threats creates visible damage to the U.

President Donald Trump‘s wide-ranging tariffs went into effect at 12:01 a.m. on Thursday, just as the economic fallout of his months of threatening them is surfacing invisible damage to the economy.

The White House said that starting just after midnight that goods from more than 60 countries and the European Union would face tariff rates of 10% or higher.