US President Donald Trump has signed a sweeping executive order imposing new tariffs on 68 countries and the entire European Union, with rates as high as 50%. The order, finalized late Thursday night, is set to take effect on August 7 after a week-long delay. Trump reaffirmed the original August 1 deadline on Truth Social, calling it a "big day for America!" India now faces a 25% tariff, despite being a key alternative in the US`s China pivot.