Trump Announces New Tariffs for Dozens of Countries After Months of Negotiations

President Donald Trump on Thursday signed an executive order that formalizes new tariffs on dozens of nations, plus the 27-member European Union.
The reciprocal tariffs were announced in a July 31 executive order that will go into effect in seven days, on Aug. 7. The action comes just hours before the Aug. 1 deadline for U.S. trading partners to reach trade agreements.
Many countries will see a tariff rate between 10 and 15 percent on their goods, depending on whether the United States has a trade deficit or surplus with that nation. The European Union and Japan, both have struck a deal with the United States, will see a 15 percent rate in line with their agreements…. 

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