Trump to Set New Tariffs Before Midnight, White House Says

President Donald Trump will sign an executive order on Thursday imposing new tariff rates on trading partners that take effect Friday, the White House said.

The signing will take place “at some point this afternoon or later this evening,” White House Press Secretary Karoline Leavitt told reporters during a news briefing, adding that “Aug. 1, the reciprocal rates will be going into effect.”