US President Donald Trump will sign a executive order on Thursday (July 31), which, according to the White House, will come into force on Friday (August 1), which will come into force on Friday (August 1). This step comes after months of fluctuating notifications and ongoing negotiations with several US business partners.
The printing secretary of the White House Karoline Leavtt confirmed the development during the press briefing: “At some point in the afternoon or later this evening, the President signed.
Details still unclear to many countries
While Trump has completed trade agreements with key allies such as the European Union, Great Britain, Japan, Indonesia, Philippines and South Korea, others face unilaterally stored tariffs. On countries that did not ensure individual agreements, a blanket obligation is still expected, although the final decisions still expected on Thursday afternoon.
“The rest of those countries that either do not have an agreement or have a letter will be heard from this administration tonight until midnight,” Leavitt said.
New agreements may still be announced
In the last hours before the date of Trump’s administration, he is still working on securing more stores.
“If more stores are reduced from now and midnight, I will never calculate the President. You saw him doing it before,” Leitt said, referring to Trump’s tendency to complete the agreements for eleven o’clock.
Increase in tariffs to Mexico
Trump announced on social media that the United States and Mexico have agreed to expand their existing tariff arrangements for another 90 days, allowing more time to deal with.
“The complexity of the agreement with Mexico is somewhat different from other nations due to problems and assets of the border. We agreed to extend, for 90 days, exactly the same agreement as we had the last short time,” Trump wrote.
Within the extension, 25% will continue to apply to goods from Mexico, which does not meet the provisions of the USMCA. In addition, 50% of the tariff for steel, aluminum, copper and related products will remain valid.
Multiple orders may be needed
It remains unclear how many executive orders the President will have to sign to fully enact extensive changes in tariffs. The official guidelines are required to allow us to allow us to collect new duties.
As the clock breaks, the final shape of the American rate remains uncertain, while the White House is trying to conclude agreements and businesses that solidify for impact.
(Tagstotranslate) Trump Executive order
