Trump Administration Delays Tariffs Until August 1, Extends July 9 Deadline

(MENAFN- Live Mint) The White House announced on Monday (July 7) that it will formally delay the reimposition of tariffs until August 1, issuing an executive order to push back the original July 9 deadline. The decision provides a short-term reprieve to global trading partners amid ongoing negotiations with the Trump administration.

“The President will sign an executive order delaying the July deadline of tariffs to August 1,” the White House said in a statement.

More trade letters coming

In addition to the delay, the administration revealed that 12 more countries will receive formal trade notification letters in the coming days. These letters will detail tariff levels that will apply to each country's exports unless new trade terms are negotiated.

The White House also confirmed the letters will be publicly posted on Trump's Truth Social account.

Delay of July 9 tariff deadline

At a White House briefing, Press Secretary Karoline Leavitt confirmed that Trump would sign an executive order delaying the broader implementation of tariff hikes from July 9 to August 1. She added that letters to 12 other countries would be issued in the coming days and posted publicly on Truth Social.

“These letters are not negotiated settlements,” Leavitt said.“They are President Trump's direct communication of tariff rates to each trading partner. We're continuing to create tailor-made trade plans for every country on this planet.”

The three-week window before the August 1 tariff implementation is being treated by the administration as an informal extension of the 90-day negotiating period that began in April when Trump first announced sweeping tariff plans on what he called“Liberation Day.”

Trump imposes 25% tariffs on Japan and South Korea

President Donald Trump on Monday announced a 25% tariff on imports from Japan and South Korea, escalating trade tensions with two of the United States' key allies in Asia. The new tariffs, which take effect on August 1, come amid what the White House calls an effort to correct long-standing trade imbalances and enforce "reciprocal" trade practices.

Trump unveiled the tariffs in formal letters addressed to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung, which were posted on his Truth Social account. In them, Trump warned both leaders against retaliating with their own tariff hikes.

“If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 25% that we charge,” Trump wrote.

The letters also emphasized that the tariffs were being imposed unilaterally as part of Trump's“tailor-made” approach to each country's trading relationship with the U.S.

Limited progress on trade deals

Despite promises of“90 deals in 90 days,” the Trump administration has announced only two trade frameworks so far - one with Vietnam and another with the United Kingdom. The Vietnam deal appears designed to prevent China from using Vietnamese supply chains to bypass tariffs, while the UK pact includes quota-based exemptions on steel, aluminum, and autos but still subjects most British goods to a 10% tariff.

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