The US imposed tariffs of 10% or 12.5% on goods from 60 trading partners, including the EU and China, as a temporary 10% global levy expired. The measures cover almost all US imports and rebuild much of the tariff wall struck down by the Supreme Court in February. Importers may pass some of the cost to consumers, adding to inflation while weighing on trade and business investment. Bond yields edged higher on the inflation risk, but the immediate reaction in equities and currencies was limited.