President Trump on Thursday announced tariff rates for dozens of countries that will take effect on Aug. 7, potentially upending the global trade system.

Trump signed an executive order that modified tariff rates for dozens of countries after he had twice delayed plans to implement "reciprocal" tariffs on other nations. Tariff rates range from as high as 41 percent on goods from Syria to as low as 10 percent, which is the baseline established for all imports.

"Some trading partners have agreed to, or are on the verge of agreeing to, meaningful trade and security commitments with the United States,........

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