President Donald Trump has signed an executive order that would have new tariffs on a wide swath of U.S. trading partners to go into effect in seven days — the next step in his trade agenda that will test the global economy and alliances. The order was issued Thursday evening, following a series of tariff-related activities as the White House reached agreements with various nations. Trump also announced a 90-day negotiating period with Mexico, keeping the current 25% tariff rates. The tariffs are set to take effect Friday, with countries notified of their rates. Trump has reached deals with South Korea, the European Union, Japan, and others. The tariffs aim to address trade imbalances and issues like fentanyl trafficking.
