US President Donald Trump's sweeping new tariffs on countries around the world have come into effect in an escalation of his trade war.
"IT'S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!" he said on social media minutes before midnight in Washington, DC.
Also on Wednesday, Trump hit India with a 50% tariff on its goods, which will take effect on 27 August unless it stops buying Russian oil.
Trump also threatened a 100% tariff on foreign-made computer chips as he pushes tech firms to invest in the US. It came as Apple announced a new $100bn US investment (£75bn) after coming under pressure from the president to move more production to America.
Last week, the White House announced a revised list of import taxes on dozens of trading partners and extended a deadline for countries to reach deals with the US to 7 August.
