The White House stated on Thursday that President Trump will maintain the global minimum tax rate at 10%, disregarding previous suggestions to raise the minimum rate to 15% or higher. The White House also released a list of tariff rates for other trading partners with whom the U.S. has not yet completed trade framework negotiations, as the August 1 deadline approaches. Additionally, Trump signed a separate executive order to raise the tariff rate on Canada from 25% to 35%, with the higher rate set to take effect on August 1. This change does not include goods covered by the USMCA agreement negotiated during his first term.