U.S. President Donald Trump has issued a new executive order imposing additional tariffs on imports from countries with unbalanced trade ties to the U.S., including special rules for EU goods. The White House confirmed that the tariffs will take effect within hours, though the timeline has shifted. Retaliatory tariffs on over 70 nations will now be enforced within seven days. Goods shipped before August 7 and arriving by October 5 may be exempt. Canada faces a 35% tariff starting August 1.