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.
U.S. President Donald Trump issued a new executive order on Thursday, imposing fresh import tariffs. Trump stated that the decision comes in response to persistent trade deficits, which he says pose a threat to national security and the U.S. economy.
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