Trump's Equivalent Tariffs Effective Date Postponed by One Week to August 7th

ChainThink News, August 1st, local time on Thursday night, U.S. President Trump signed an executive order imposing tariffs ranging from 15% to 41% on goods exported to the United States from 67 trading partners, raising the tariff level to the highest level in over a century. However, the new tariffs will not take effect until August 7th, instead of the initial August 1st, giving other countries another window to try to negotiate lower tariffs. A senior government official said, "This is historic; this is a new trading system, this is what I call the Trump Round of Negotiations." White House officials said on Thursday night that they hope to reach more agreements with other countries before the new tariff implementation date of August 7th.