AP PHOTOS: The world awaits as Trump’s new tariffs go into effect

Traders work on the options trading floor at the Cboe Global Markets in Chicago, Tuesday, April 8, 2025. (AP Photo/Nam Y. Huh)

A person holding an umbrella walks out of the New York Stock Exchange, Monday, April 7, 2025, in New York. (AP Photo/Yuki Iwamura)

A man walks in the business district of La Defense, outside Paris, ,Tuesday, April 8, 2025. (AP Photo/Thibault Camus)

A man walks in the the City of London financial district, London, Tuesday, April 8, 2025. (AP Photo/Alberto Pezzali)

People walk past the New York Stock Exchange, Monday, April 7, 2025, in New York. (AP Photo/Yuki Iwamura)

A person working in the Bombay Stock Exchange building prays to Hindu Goddess Laxmi, the embodiment of wealth, fortune, prosperity, before starting his work in Mumbai, India, Tuesday, April 8, 2025. (AP Photo/Rafiq Maqbool)

James Lamb works on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

Curves on a screen in the market surveillance room of the Euronext France,Tuesday, April 8, 2025 the business district of La Defense, outside Paris. (AP Photo/Thibault Camus)

A man stands near an electronic board displaying stock prices at the Indonesia Stock Exchange, in Jakarta, Indonesia, Tuesday, April 8, 2025. (AP Photo/Achmad Ibrahim)

A trader reacts as other traders work on the options trading floor at the Cboe Global Markets in Chicago, Tuesday, April 8, 2025. (AP Photo/Nam Y. Huh)

An Emirati man is seen in the Dubai Financial Market in Dubai, United Arab Emirates, Monday, April 7, 2025. (AP Photos/Fatima Shbair)

A person carrying an umbrella walks past the National Debt Clock, Monday, April 7, 2025, in New York. (AP Photo/Yuki Iwamura)

Tugboats assist a container ship as it prepares to dock at the Manila International Container Terminal at the Philippine capital on Tuesday, April 8, 2025. (AP Photo/Aaron Favila)

Shipping containers are stacked at Port Botany in Sydney, Australia, Monday, April 7, 2025. (AP Photo/Rick Rycroft)

Trucks drive beside stacks of containers at the Manila International Container Terminal at the Philippine capital on Tuesday, April 8, 2025. (AP Photo/Aaron Favila)

Traffic flows on Interstate 5 past shipping containers near downtown Los Angeles, Tuesday, April 8, 2025. (AP Photo/Jae C. Hong)

A seagull flies over thousands of containers piled up at the cargo terminal of the port of Barcelona, Spain, Tuesday, April 8, 2025. (AP Photo/Emilio Morenatti)

Containers ship Hornise sails across the Bosphorus strait, on his way from China’s Jingtang port to Russia’s Novorossiysk port, in Istanbul, Turkey, Tuesday, April 8, 2025. (AP Photo/Francisco Seco)

Cranes move containers aboard the ship Polar Mexico at the Port of Philadelphia, Tuesday, April 8, 2025. (AP Photo/Matt Rourke)

The container terminal at the Commercial Sea Port in the Pacific city of Vladivostok, east of Moscow, Russia, is seen on Monday, April 7, 2025. (AP Photo)

Containers and ships are seen in this aerial photo of The Port of New Orleans in New Orleans, Monday, April 7, 2025. (AP Photo/Gerald Herbert)

Containers are stored in the small harbor in Frankfurt, Germany, Sunday, April 6, 2025. (AP Photo/Michael Probst)

Export vehicles are parked at Daikoku Pier in Yokohama, near Tokyo, Tuesday, April 8, 2025. (AP Photo/Hiro Komae)

A customer counts dollars inside a forex shop in Guwahati, India, Tuesday, April 8, 2025. (AP Photo/Anupam Nath)

An employee counts rupiah banknotes at a money changer in Jakarta, Indonesia, Tuesday, April 8, 2025. (AP Photo/Tatan Syuflana)

A forex shopkeeper closes the gate of his shop in Mumbai, India, Monday, April. 7, 2025. (AP Photo/Rajanish Kakade)

A seller attends a client at the Fener street food market, in Istanbul, Turkey, Tuesday, April 8, 2025. (AP Photo/Francisco Seco)

A woman looks at the imported frozen beefs from the United States and Australia on display for sale at the Hema supermarket, in Beijing, Tuesday, April 8, 2025. (AP Photo/Andy Wong)

A seller waits with crustaceans and other fish at his stall at a wholesale fish market in Kolkata, India, Tuesday, April 8, 2025. (AP Photo/Bikas Das)

Tiger prawns are displayed for sale at a wholesale fish market in Kolkata, India, Tuesday, April 8, 2025. (AP Photo/Bikas Das)

A woman shops for fruit and vegetables at the Machane Yehuda Market in Jerusalem, Israel, Tuesday, April 8, 2025. (AP Photo/Maya Alleruzzo)

Shoppers visit Economy Candy in New York’s Lower East Side, Friday, April 4, 2025. (AP Photo/Richard Drew)

Nelson Siquerra stocks imported food products at the Hiep Thai grocery store in Garland, Texas, Monday, April 7, 2025. (AP Photo/LM Otero)

An Indian worker carries reels of thread for a carpet weaving machine at a factory on the outskirts of Jammu, India, Tuesday, April 8, 2025. (AP Photo/Channi Anand)

Factory workers operate machines to make garments at UHM Ltd. in Narayaganj, Bangladesh, Tuesday, April 8, 2025. (AP Photo/Mahmud Hossain Opu)

A goldsmith makes gold jewelry in Ahmedabad, India, Tuesday, April 8, 2025. (AP Photo/Ajit Solanki)

A tailor stitches a men shirt at a small factory in Karachi, Pakistan, Tuesday, April 8, 2025. (AP Photo/Fareed Khan)

Shoppers walk near a Nike store in Beijing, China, Tuesday, April 8, 2025. (AP Photo/Ng Han Guan)

A reflection on a puddle shows Puma logo outside the Puma store on the 5th Avenue, Monday, April 7, 2025, in New York. (AP Photo/Yuki Iwamura)

People walk next to a shopping mall in Berlin, Germany, Tuesday, April 8, 2025. (AP Photo/Ebrahim Noroozi)

Shoppers balance themselves on wobbling seats near a store selling Apple products in Beijing, China, Tuesday, April 8, 2025. (AP Photo/Ng Han Guan)

Containers ship MSC Agna II, left, sails pass other cargo ships anchored at the Marmara sea near the Bosphorus strait, in Istanbul, Turkey, Tuesday, April 8, 2025. (AP Photo/Francisco Seco)