President Donald Trump has just signed a bold new executive order that changes the game on global trade. In a sweeping move, the U.S. will impose new tariffs on imports from over 70 countries — with some rates reaching as high as 41%.

U.S. President Donald Trump on Thursday signed an executive order increasing tariffs on Canadian goods to 35% from 25% on all products not covered by the U.S.-Mexico-Canada trade agreement, the White House said.