US Edition
President Signs Order Imposing More Tariffs
UNITED STATES, AUG 1 – New tariffs target 68 countries and the 27-member European Union to address trade deficits, with rates ranging from 10% to 39%, officials said.
- Amid his trade agenda push, the executive order stipulated new tariffs on 68 countries and the European Union, set to take effect August 7.
- President Donald Trump said the U.S. trade deficit with Mexico last year, at $171.5 billion, justifies invoking the International Emergency Economic Powers Act.
- Among the specific rates, reciprocal tariffs for 70 countries will range from 15% to 41% within seven days, with Canada tariffed at 35% and Switzerland at 39%.
- Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said the order reduces policy uncertainty. Sheinbaum wrote, `'We avoided the tariff increase announced for tomorrow and we got 90 days to build a long-term agreement through dialogue.'
- Amid legal pushback, U.S. Court of Appeals for the Federal Circuit judges expressed broad skepticism over Trump's tariffs' legal basis, with a case expected to reach the U.S. Supreme Court.
96 Articles
96 Articles
Monterrey, Mexico.- After signing Thursday decrees imposing higher tariffs on dozens of countries, Donald Trump again yesterday shook markets and the prospects for world trade. "There is no doubt: the decree and the agreements ... shatter the book of trade rules that has governed international trade since World War II," said Wendy Cutler, Senior Vice President of the Asia Society Policy Institute, to the AFP agency. Yesterday, in New York, the N…
World economies react to Trump's tariffs punch
Trump signed an order imposing steep tariffs on 66 countries, the European Union, Taiwan and the Falkland Islands, to go into effect Aug. 7, after he originally threatened them for April but postponed twice after that until Aug. 1.
New Trade Tariffs by Former President Trump Spark Global Apprehension - Real News Now
Recent actions by former President Donald Trump instituting large-scale trade tariffs have been met with apprehension. The order, signed last Thursday night, imposes significant duties on 66 nations, including the European Union, Taiwan, and the Falkland Islands, with the effective date being the 7th of August. In reaction to this as well as reports from the government regarding a contraction in employment, the market conditions are volatile. U.…
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