For all of President Donald Trump’s promises of an economic “golden age,” a spate of weak indicators this week told a potentially worrisome story as the impacts of his policies are coming into focus.

Trump's executive order late Thursday laid out rates to be applied against nearly 70 countries, ranging from 10% to 41% in what a Trump administration official hailed as the beginning of a "new system of trade." The new duties are now set to go into effect on Aug. 7.

Markets were down and some trade allies reacted with shock over US President Donald Trump's latest tariffs salvo.