Canadian Prime Minister Mark Carney will speak at a press conference after the Cabinet meeting at the National Press Theatre in Ottawa, Ontario, Canada on July 30, 2025, to discuss both trade negotiations with the Middle East and the situation in the Middle East. Dave Chan/AFP via Getty Images
Global trading partners responded to President Donald Trump’s new wave of tariffs in dozens of countries on Friday.
Trump signed the executive order on Thursday, the eve of the August 1 deadline for trade partners with the US to reach the trade agreement. Taxation can range from 10% to 41%, depending on whether the state has reached an agreement with the United States and the nature of the contract. These mutual duties will come into effect on August 7th.
