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 Trump's new tariffs took effect Thursday morning on dozens of countries, and this time the stock market seems unfazed, reports the Wall Street Journal. Dow futures were up about 250 points,

Trump’s renewed tariff push aligns with his long-standing claim that foreign governments impose unfair trade barriers on U.S. products. His “reciprocal tariff” strategy aims to match or exceed those tariffs on goods entering the U.