President Donald Trump’s Aug. 1 trade-agreement deadline is here, and despite early attempts to speed-run “90 Deals in 90 Days,” agreements have only been reached with eight countries and the European Union in over 100 days. Tariffs for many countries will go into effect in seven days, according to an executive order signed Thursday night, hours before the deadline.
The executive order sets a baseline tariff rate of 10%, with steeper tariffs scheduled for a number of trading partners — some as high as 40%.
Though the Trump administration has been insistent on the Aug. 1 deadline, negotiations with other countries, like Mexico, will continue.