U.S. trade partners around the world were reacting on Friday to President Donald Trump ‘s executive order that would introduce new tariffs on many of them in seven days, as the global economy and alliances face a fresh test from the president’s trade agenda.
Trump’s order was issued Thursday night and came after a flurry of tariff-related activity in recent days, as the White House announced agreements with various nations and blocs ahead of Trump’s self-imposed Aug. 1 deadline.
Trump also said Thursday he would be extending trade negotiations with Mexico for 90 days. But the vast majority of nations are continuing to face uncertainty ahead of the coming deadline. And while a handful of trade deals have trickled in, many details remain hazy — with businesses and manufacturers around the world bracing for heightened operating costs and potential price hikes regardless.
…
