President Donald J. Trump has ushered in a profound recalibration of global trade policy, formally announcing higher tariffs on imports from more than 60 U.S. trading partners. This decisive move, unveiled just hours before the administration’s self-imposed deadline,

Under the executive order, Trump has kept an existing baseline 10% tariff for about 100 countries, and reciprocal tariff rates for 70 countries will range from 15% to 41%. A separate order also raised tariffs on goods from Canada from 25% to 35% “to address the flow of illicit drugs” across the northern border.