00:00President Donald Trump signed an executive order on July 31st imposing new tariffs on
00:0468 countries and the EU, ranging from 10 percent to as high as 50 percent, set to take
00:10effect August 7th.
00:12Countries like Brazil, India and Switzerland now face steeper rates, though some, including
00:17Japan, Cambodia and Thailand, secured reduced tariffs.
00:21Mexico was granted a 90-day delay after Trump and President Scheinbaum agreed to renegotiate
00:27the Democratic trade deal, while Canada faces escalating pressure tied to its recognition
00:31of Palestinian statehood.
00:33The sweeping measures are drawing legal scrutiny at home and heightening global economic tensions
00:38amid criticism over the legitimacy of invoking emergency powers.
