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Only eight other countries or territories dubbed the "worst offenders" for trade imbalances were given higher rates on Trump's list of tariffs, which are due to come into effect on Wednesday.

On top of that, on Thursday, 25% tariffs on automobiles coming into the US will come into effect.

The 25% U.S. tariff on imported autos went into effect on Thursday, immediately prompting Canadian Prime Minister Mark Carney to slap a 25% retaliatory levy on vehicles imported from the United States.

Forces outside of basketball are only going to continue to change the sport as revenue sharing is expected to come into effect as soon as next week.

A 25% tariff will go into effect on Thursday on all vehicles and auto parts imported into the United States.