Trump imposes global tariffs on imports

President Trump signed an order imposing sweeping new tariffs on imports from countries worldwide, effective in one week. The tariffs vary by country, with some facing a 15% rate and others up to 41% on imports where the U.S. has the largest trade deficits. Tariffs on Canadian goods will increase from 25% to 35%. These actions escalate Trump's trade policy aimed at boosting domestic manufacturing, following a deadline for countries to reach trade deals or face higher tariffs.