Trump imposes sweeping new tariffs for much of the world

President Donald Trump issued an executive order Thursday, slapping tariffs on many of America’s trading partners, but the new duties are set to go into effect in seven days — not Friday as was anticipated.

The executive order lays out rates to be applied against nearly 70 countries, ranging from 10% to 41% in what a Trump administration official hailed as the beginning of a “new system of trade.”

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