The European Commission says it presumes the United States will impose a 15% tariff on most EU exports from Friday.

The special appellate court is weighing Trump's challenge to a decision by a federal trade court to throw out his tariffs because they exceeded his authority, but its "decision could be weeks away," The Washington Post said. The case is ultimately "expected to end up at the Supreme Court."

President Donald Trump signed an executive order Thursday 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.

Trading partners of the US will pay tariffs from today, after a delayed deadline imposed by Donald Trump expired. So what? Welcome to a new era of friction for world trade. Trump says the tariffs will rewire the global economy in favour of the US,

Here are the new adjusted reciprocal tariff rates levied on U.S. importers that Trump announced ahead of his August 1 deadline for negotiated trade agreements, listed in alphabetical order by country of origin.

President Donald Trump announced a slew of new tariffs, including a 10% global minimum and 15% or higher duties for countries with trade surpluses with the US, as he forged ahead with his effort to reshape international commerce.

Trump has promised that his tax increases on the nearly $3 trillion in goods imported to the United States will usher in newfound wealth, launch a cavalcade of new factory jobs, reduce the budget deficits and, simply, get other countries to treat America with more respect.

President Donald Trump late Thursday stuck to his Friday deadline for hitting Canada with higher tariffs, but he gave a one-week delay to other trading partners that had received letters from him, while also announcing steeper levies for dozens of other countries.