Trump's tariffs rollout

PRESIDENT Donald Trump has signed an executive order that sets new tariffs on a wide swathe of US trading partners to go into effect on August 7.

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The move is the next step in his trade agenda that will test the global economy and sturdiness of American alliances built up over decades. The order was issued shortly after 7pm 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’s self-imposed Friday deadline.

The tariffs are being implemented at a later date in order for the rates schedule to be harmonised, according to a senior administration official who spoke to reporters on a call on the condition of anonymity.