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 Trump aims to use a historic increase in tariffs, which he announced on July 31, to overhaul global trading alliances.

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