Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump will sign an executive order on Thursday imposing new tariff rates on trading partners that take effect Friday, the White House said. 

The signing will take place “at some point this afternoon or later this evening,” White House Press Secretary Karoline Leavitt told reporters during a news briefing, adding that “Aug. 1, the reciprocal rates will be going into effect.”

It’s unclear how many orders Trump will need to sign to enact the new policies.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Former US Trade Ambassador Ron Kirk.
• Bloomberg Politics Contributor Jeanne Sheehan Zaino and Echo Canyon Consulting CEO Jon Seaton.
• Economic Consultant Kathryn Edwards.
• Republican Congresswoman Nicole Malliotakis of New York.
• Firehouse Strategies Partner Alex Conant.

See omnystudio.com/listener for privacy information.