US President Donald Trump signed an executive order that imposed new tariffs on dozens of countries, which will go into effect in seven days, a deadline that has been delayed by a week so that the tariff schedule could be updated.
To many, the tariff hikes do not come as a surprise, as Trump initially announced them in April. He had set a minimum 10% tariff on every country in the world and additional levies on dozens deemed the worst offenders, citing deficits and unfair trade practices with the US.
