ChainCatcher news, on Thursday evening local time, U.S. President Trump signed an executive order imposing tariffs ranging from 15% to 41% on goods exported to the U.S. from 67 trading partners, raising the tariff levels to their highest in over a century. However, the new tariffs will not take effect until August 7, instead of the previously scheduled August 1, giving countries another window to negotiate lower tariffs. A senior government official said, "This is historic, this is a new trade system, and this is what I call the Trump round of negotiations." White House officials indicated Thursday night that they hope to reach more agreements with countries before the new tariff implementation date of August 7.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ChainCatcher news, on Thursday evening local time, U.S. President Trump signed an executive order imposing tariffs ranging from 15% to 41% on goods exported to the U.S. from 67 trading partners, raising the tariff levels to their highest in over a century. However, the new tariffs will not take effect until August 7, instead of the previously scheduled August 1, giving countries another window to negotiate lower tariffs. A senior government official said, "This is historic, this is a new trade system, and this is what I call the Trump round of negotiations." White House officials indicated Thursday night that they hope to reach more agreements with countries before the new tariff implementation date of August 7.