In a significant move impacting global trade, President Trump has formalized sweeping new tariff rates affecting dozens of countries. Tariffs ranging from 15% to 50% have been set, with a notable hike to 35% on Canadian goods. The White House has stated that these new rates will go into effect shortly, leaving many trading partners scrambling to finalize last-minute agreements. As various nations rush to negotiate, the implications of these tariffs on international relations and economic stability are being closely analyzed. Economists warn that while Trump aims to reshape the U.S. economy through these measures, the broader consequences could lead to slowed world growth.