US EditionTrump Signs Order Imposing New Tariffs that Go Into Effect in 7 Days
UNITED STATES, JUL 31 – Tariffs vary from 10% to 41% by country and aim to reduce the U.S. trade deficit while raising federal revenues by $127 billion this year, officials said.
- President Donald Trump raised Canada's tariffs from 25% to 35% beginning Friday, with final tariffs on August 7, after delays .
- The Trump administration issued a Thursday night order, delaying the reciprocal rates set to go into effect on August 1, instead of the original July 9 schedule.
- Last week, only Japan's tariff was lowered to 15%, with China, Bangladesh, India, Vietnam at or above 20%, and Switzerland and transshipped goods at 39% and 40%.
- On August 1, the Personal Consumption Expenditures index rose 2.6% and Ford Motor Co. forecast a $3 trillion earnings hit as the U.S. economy lost 14,000 manufacturing jobs.
- Facing an appeals court, U.S. judges questioned whether Trump exceeded emergency authority for tariffs, casting legal doubt on his actions.
82 Articles
82 Articles
Trump assigns tariffs, delays all except on Canada
What happenedPresident Donald Trump Thursday signed a series of executive orders fixing new tariffs of between 15% and 41% on 68 countries and the European Union but he delayed the start of most new import duties until Aug. 7. He diverged from that new deadline with two of America's biggest trading parters, however: a 35% tariff on many Canadian goods took effect today, while Trump gave Mexico another 90 days to negotiate down its 25% rate. The …
Denver Post
Trump injects a new dose of uncertainty in tariffs as he pushes start date back to Aug. 7
By JOSH BOAK, Associated Press WASHINGTON (AP) — For weeks, President Donald Trump was promising the world economy would change on Friday with his new tariffs in place. It was an ironclad deadline, administration officials assured the public. Related Articles US envoy visits distribution site in Gaza as humanitarian crisis worsens White House announces new $200M ballroom as part of Trump’s latest makeover of ‘The P…
President Donald Trump injects new dose of uncertainty in tariffs as he pushes start date back to Aug. 7
WASHINGTON — For weeks, President Donald Trump was promising the world economy would change on Friday with his new tariffs in place. It was an ironclad deadline, administration officials assured the public. But when Trump signed the order Thursday night imposing new tariffs on 66 countries, the European Union, Taiwan and the Falkland Islands, the start date of the punishing import taxes was pushed back seven days so that the tariff schedule coul…
Friday, August 1 should have been a day of celebration for the US President. Although the entry into force of the tariff increase was postponed to August 7 for organizational issues, Donald Trump boasts the effects of his measures on the economy. But these are still very uncertain and consumer prices could be the first to be affected, as Americans fear.
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