Trump orders tariffs on dozens of countries in push to reshape global trade ...Middle East

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However in a minor reprieve, the White House said the measures will take effect in a week, not this Friday as previously expected.

But the muscular approach has raised fears of inflation and other economic fallout in the world's biggest economy.

Trump's new measures in an executive order raised duties on dozens of economies up to a 41 percent rate.

Most of these new tariff hikes were first announced in April when Trump slapped a minimum 10 percent levy on goods from almost every country in the world, citing unfair trade practices and US deficits.

Just Thursday, Trump announced he was delaying a tariff hike on products from the major US trading partner Mexico. ponement by 90 days came after talks with his counterpart Claudia Sheinbaum.

But the latest salvo came amid legal challenges against Trump's use of emergency economic powers. On Thursday, the US Court of Appeals for the Federal Circuit heard arguments in cases brought against Trump's blanket tariffs targeting different countries.

While Trump has touted a surge in customs revenues since the start of the year, economists warn the duties could fuel inflation.

China question mark

Britain also reached a pact with the United States, although it was not originally targeted by higher “reciprocal” tariffs.

Canada, however, was slapped with duties of 35 percent in the Trump executive order.

Canada's trade relations with the United States came under renewed threat after Prime Minister Mark Carney announced plans to recognize a Palestinian state at the UN General Assembly in September.

Washington and Beijing had slapped tit-for-tat tariffs on each other's goods, bringing them to triple-digit levels before both countries reached agreement in May to temporarily lower these duties.

The superpowers are now working towards extending their truce - AFP

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