<h1>New Executive Order Imposes Tariffs on 68 Countries, Sets 10% Baseline Rate Under Section 301</h1> An executive order was signed imposing new tariffs on numerous US trading partners, effective seven days later, with rates set for 68 countries and the European Union. A baseline 10% tariff applies to countries not specifically listed. The tariffs are based on trade imbalances and regional economic factors. A 90-day negotiation period was agreed with one major trading partner, maintaining existing 25% tariffs during talks. Certain goods remain protected under the existing trade agreement, which is slated for renegotiation. Tariffs on autos, copper, aluminum, and steel were specified at 25% and 50% during negotiations. The order follows prior tariff actions and agreements with various countries, aiming to address trade deficits and non-tariff barriers. The trade imbalance with key partners has increased significantly since earlier trade agreements were implemented.