Washington, Aug. 1 -- The new tariff plan, authorized by an executive order signed by US President Donald Trump, will take effect on August 7, six days after the previously announced deadline, CNN reported on Friday.
On Thursday evening, Trump signed a decree imposing tariffs ranging from 15% to 41% on goods supplied to the US from more than 60 countries. The new tariffs were expected to take effect on Friday, August 1.
CNN reported that the tariffs would go into effect on August 7 to allow the US Customs and Border Protection enough time to make the necessary system changes.
However, the 35% tariffs on Canadian goods not covered under a pre-existing free trade agreement are an exception and will take effect on Friday, the report said.
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