The order capped off a hectic Thursday as nations sought to continue negotiating with Trump. The current 25% tariff rates are staying in place, down from the 30% he had threatened earlier. His unusually high tariff rates, unveiled in April, led to recession fears — prompting Trump to impose a 90-day negotiating period. Going into Thursday, wealthy Switzerland and Norway were still uncertain about their tariff rates. AdvertisementHe said Mexico would end its “Non Tariff Trade Barriers,” but he didn’t provide specifics.

Source: Huffington Post August 01, 2025 15:00 UTC