Trump Signs Executive Order: 67 Countries Face Tariffs Ranging from 15% to 41%, New Tariffs Delayed to August 7 On August 1, US President Trump signed an executive order imposing tariffs ranging from 15% to 41% on goods imported from 67 trading partners, marking the highest US tariff levels in over a century. Reports indicate that the implementation of the new tariffs was postponed from the original August 1 to August 7, giving countries a final window for negotiations. The White House explained that the one-week delay was intended to coordinate the new tariff list and provide additional negotiating opportunities for countries that had not yet reached an agreement. The new tariffs cover differentiated rates ranging from 15% to 41%. Countries like Switzerland, Syria, and Canada have higher rates, at 39%, 41%, and 35%, respectively, while negotiating partners like Japan, South Korea, and the European Union have lower rates, ranging from 15% to 37%. However, some countries have also received reductions or extensions due to negotiations. Mexico was granted a 90-day reprieve, while tariffs for countries that have reached agreements, such as the EU, Japan, and South Korea, are lower than initially threatened. Notably, the US-China tariff truce extends until August 12, with both sides continuing discussions under an independent negotiation framework. Market analysts warn that if no breakthrough is achieved before August 7, global supply chains could face further disruptions. The Trump administration has hailed this move as a "historic new trade system," but economists worry that high tariffs could push up US inflation by 0.5%-0.7% and accelerate the restructuring of global supply chains. As the August 7 deadline approaches, countries that haven't reached an agreement may face a more challenging trade environment. This policy shift also reflects the US's strategic intent to reshape the global trade landscape. #TrumpTariffs