Trump signs executive order extending tariff deadline to 1 August

Reuters

U.S. President Donald Trump has signed an executive order pushing back the implementation date for his proposed “reciprocal” tariffs to 1 August, according to the White House.

The implementation of new trade measures, originally set for 9 July, has been postponed. The White House said this extension allows affected countries more time to respond before tariffs take effect.

In an executive order published by the White House, President Trump extended the suspension outlined in Executive Order 14266 until 12:01 a.m. eastern daylight time on 1 August 2025.

“I have determined, based on additional information and recommendations from various senior officials, including information on the status of discussions with trading partners, that it is necessary and appropriate to extend the suspension effectuated by Executive Order 14266 until 12:01 a.m. eastern daylight time on August 1, 2025,” Trump said.

The order also confirmed that a separate tariff suspension on China, under Executive Order 14298 from 12 May, remains unchanged.

On Monday, Trump posted letters on Truth Social addressed to world leaders, notifying them of tariffs ranging from 25% to 40%. Countries include South Africa, Malaysia, Thailand, Indonesia, and others.

The most significant letters were sent to Japan and South Korea, each informed of 25% tariffs on all exports to the U.S. Trump noted these rates could be adjusted based on each country’s response and the state of bilateral relations.

This action is part of Trump’s wider plan to rebalance trade with key partners, targeting nations that apply lower tariffs to U.S. goods than those imposed on their own exports, with the aim of correcting these imbalances.

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