CNN reported that Trump's new tariffs will take effect on August 7, not August 1 as previously reported.
This measure will affect 68 countries and the European Union: tariffs of 15% to 41% will be imposed on various goods. The reason for the delayed implementation is to give the U.S. Customs Service time to adapt to the system.
The only exception is Canada. A statement on the White House website said that due to Ottawa's refusal to "cooperate in curbing the continued influx of fentanyl," and retaliatory measures taken by the United States, Trump has raised the tariff from 25% to 35%. These measures will take effect today (August 1).
Trump's trade advisor Peter Navarro:
Many people are talking about whether Trump can win the Nobel Peace Prize.
I was wondering, since he essentially gave the world a lesson in international trade economics, he might be more deserving of the Nobel Prize in Economics.
Original: https://www.toutiao.com/article/1839258184028170/
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