White House press secretary Karoline Leavitt, during a press conference on Thursday, said that President Donald Trump would sign an executive order imposing new tariff rates on trading partners that will take effect Friday.
Leavitt said the signing of the executive order will take place at “some point this afternoon or later this evening.” She said that on August 1, the “reciprocal tariffs will be going into effect.”
Bloomberg wrote:
The tariffs are country-specific rates that the president first announced in April, but paused twice to allow more time for negotiations with dozens of economies. Trump has struck deals with major trading partners…
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