President Donald Trump on Thursday formalized the array of high tariff levels and trade deals he has announced in recent weeks, the latest escalation in his attempt to disrupt and reshape the global economic order.

President Donald Trump signed an executive order Thursday placing tariffs on many U.S. trade partners — the next step in his trade agenda that will test the global economy and alliances. They are set to go into effect in seven days,

New U.S. tariffs are ready to take effect, targeting trade deficits with rates up to 41% and key country exemptions.