Trump Sets New Tariffs, Extends Deadline—What to Know

Washington made good on its promise to enact higher tariffs on countries that did not negotiate a new trade deal with the United States by the Aug. 1 deadline. On the evening of July 31, President Donald Trump signed an executive order imposing tariffs on imports from dozens of countries. Those tariffs, which range from 10 percent to 41 percent, are scheduled to take effect on Aug. 7. The order covers 66 countries, the 27-member European Union, Taiwan, and the United Kingdom’s self-governing Falkland Islands. On the same day, Trump signed an executive order raising tariffs on Canadian goods imported to the United States to 35 percent from the previous rate of 25 percent....