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LIVE: Markets in focus as Trump formalizes high tariffs and tries to reshape global economy
Posted
August 1, 2025
Views
177,566
Likes
737
Comments
83
Engagement
0.46%
August 1, 2025
177,566
737
83
0.46%
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6:32:15Now PlayingWatch as markets react to President Donald Trump formalizing an array of high tariff levels and trade deals he has announced in recent weeks. It is the latest escalation in his attempt to disrupt and reshape the global economic order. In a sweeping executive order, Trump made official his agreements with prominent trading partners such as the European Union, Japan, South Korea, the United Kingdom and the Philippines. Trump's order, which came hours before a self-imposed deadline for trade deals, also unilaterally sets rates for countries that did not reach agreements with him, for example, Israel, Switzerland and Taiwan. Switzerland's rate will be set higher than previously threatened, at 39%, while Taiwan's will be set lower, at 20%.
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