U.S. President Donald Trump's new tariff rates of up to 41% on U.S. imports from dozens of countries have drawn expressions of relief from some countries that negotiated a deal or managed to whittle t

World shares retreated Friday after President Donald Trump issued a new set of import duties that will apply to dozens of countries as of Aug. 7. U.S. futures fell 0.9% after Trump announced tariff rates of up to 41% for imports from dozens of countries across the globe.

U.S. President Donald Trump announced on Thursday new tariffs of up to 41% on goods imported from dozens of countries, again citing emergency powers he says he is using to shrink the country's trade deficits with many of its trade partners.