President Donald Trump signed an executive order Thursday, slapping tariffs on most of America's trading partners set to take effect next week.

The Trump administration is poised to hit dozens of nations around the world with higher tariffs starting next week.

"We have small margins," said Suparp. He said they could still manage with tariffs up to 20% or even 25% by cutting costs. When he spoke to the BBC, before the deal was announced, he said the uncertainty was the biggest challenge: "Please - to our government, just get the deal, so we can plan our business."

WASHINGTON — The clock is ticking closer to U.S. President Donald Trump's latest tariff deadline of Aug 1. And while several more deals — or at least frameworks for deals — have been reached since his last tariff deadline of July 9 came and went, trade talks with many countries are still in flux.