Trump Announces New Tariff Rates for Dozens of Countries Before Aug. 1 Deadline

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....