So far this year, President Trump’s tariffs have really pushed global stocks forward. For a while, they even took some of the spotlight away from the S&P 500 in the worldwide markets.
On July 31, the White House announced that President Trump signed an executive order to raise tariffs on Canadian goods from 25% to 35%. These new tariffs will start tomorrow, August 1.
On the 27th, local time, President Trump announced that the US and European Union have an agreement on trade. As part of this deal, a 15% tariff will be added to goods imported from the EU to the US.
