What to Know
- President Donald Trump formalized previously announced trade agreements with several countries, with duties set to rise for dozens of other trading partners. Trump’s order says the new duties take effect on Aug. 7, instead of the Aug. 1 deadline.
- Trump’s new tariff rates of up to 41% on U.S. imports from about 70 countries drew expressions of relief today from the countries that negotiated a deal or managed to whittle them down from rates announced in April.
- Trump told NBC News that he is open to additional trade deals.
- Special envoy Steve Witkoff and U.S. Ambassador to Israel Mike Huckabee will travel to Gaza today to inspect food distribution sites and secure a plan to deliver more food, White House press secretary Karoline Leavitt said.
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