{"id":110389,"date":"2025-08-01T13:49:09","date_gmt":"2025-08-01T13:49:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/110389\/"},"modified":"2025-08-01T13:49:09","modified_gmt":"2025-08-01T13:49:09","slug":"live-updates-trumps-new-tariffs-give-some-countries-a-break-shares-us-dollar-sink","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/110389\/","title":{"rendered":"Live updates: Trump&#8217;s new tariffs give some countries a break, shares, US dollar sink"},"content":{"rendered":"<p>President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of U.S. trading partners to go into effect on Aug. 7 \u2014 the next step in his trade agenda that will test the global economy and sturdiness of American alliances built up over decades.<\/p>\n<p>The order was issued shortly after 7 p.m. on Thursday. It came after a flurry of tariff-related activity in the last several days, as the White House announced agreements with various nations and blocs ahead of the president\u2019s self-imposed Friday deadline. The tariffs are being implemented at a later date in order for the rates schedule to be harmonized, according to a senior administration official who spoke to reporters on a call on the condition of anonymity.<\/p>\n<p><b>Other tariff news we\u2019re following:<\/b><\/p>\n<ul id=\"rte-15cbce62-6ecb-11f0-80cb-c18bd8c4a4d4\">\n<li><b>Questions swirl around the tariffs despite Trump\u2019s eagerness: <\/b>As the clock ticked toward Trump\u2019s self-imposed deadline, few things seemed to be settled other than the president\u2019s determination to levy the taxes he has talked about for decades. The very legality of the tariffs remains an open question as a <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/trump-tariffs-court-lawsuit-trade-4c289f51008f6a3a02939caa73ab5404\" rel=\"nofollow noopener\" target=\"_blank\">U.S. appeals court on Thursday heard arguments<\/a> on whether Trump had exceeded his authority by declaring an \u201cemergency\u201d under a 1977 law to charge the tariffs, allowing him to avoid congressional approval.<\/li>\n<li><b>Dozens of countries with no deals face new tariffs as trade deadline looms: <\/b>Some of the United States\u2019 biggest trading partners <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/trump-tariffs-deadline-delay-d8ffef07d944dc1d460b472e4ffd2f57\" rel=\"nofollow noopener\" target=\"_blank\">have reached agreements<\/a>, or at least the outlines of one, including the <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/european-union-us-trump-tariffs-leyen-trade-719adddee95d0f4759f7f57cd30fdb30\" rel=\"nofollow noopener\" target=\"_blank\">European Union<\/a>, the <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/trump-starmer-trade-deal-beef-g7-52bea5eb383a0b45d0d83e1982d277bf\" rel=\"nofollow noopener\" target=\"_blank\">United Kingdom<\/a>, and <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/asia-tariffs-trump-japan-china-vietnam-55bcd9a06126686d8d2ed4897398719e\" rel=\"nofollow noopener\" target=\"_blank\">Japan<\/a>. Even so, those countries face much higher tariffs than were in effect before Trump took office. And other large trading partners \u2014 most notably <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/us-china-trade-stockholm-tariffs-bessent-lifeng-2cffb7de31169afc8de0c02bedb4683a\" rel=\"nofollow noopener\" target=\"_blank\">China<\/a> and <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/trump-tariffs-mexico-3b03b98296424e59c7dc19a865d21969\" rel=\"nofollow noopener\" target=\"_blank\">Mexico<\/a> \u2014 received an extension to keep negotiating, but they will likely end up paying more.<\/li>\n<li><b>Trump orders a 35% tariff for goods from Canada, citing a lack of cooperation on illicit drugs: <\/b>Trump has raised the tariff rate on <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/www.whitehouse.gov\/presidential-actions\/2025\/07\/amendment-to-duties-to-address-the-flow-of-illicit-drugs-across-our-northern-border-9350\/\" target=\"_blank\" rel=\"noopener nofollow\">U.S. imports from Canada<\/a> to 35% from 25%, effective Friday. The announcement from the White House late Thursday said Canada had failed to \u201cdo more to arrest, seize, detain or otherwise intercept &#8230; traffickers, criminals at large, and illicit drugs.\u201d<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of&hellip;\n","protected":false},"author":3,"featured_media":110390,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[327,69,2055,50,103],"class_list":{"0":"post-110389","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-congress","9":"tag-donald-trump","10":"tag-government-and-politics","11":"tag-news","12":"tag-world"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114953831289051713","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/110389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=110389"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/110389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/110390"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=110389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=110389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=110389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}