US EditionTrump insists ‘no extensions’ to Aug. 1 tariff deadline
UNITED STATES, JUL 8 – President Trump enforces a firm August 1 deadline for new tariffs on multiple countries, aiming to reduce trade deficits with no extensions allowed, officials said.
- US President Donald Trump stated that new tariffs will begin on August 1, 2025, with no extensions allowed.
- Trump sent letters to countries including Japan and South Korea, warning of tariffs set at 25 percent, and implied other nations could face duties of 25 to 40 percent.
- The announcement came amid ongoing discussions about global trade, with Trump indicating a firm stance on economic enforcement if he returns to office.
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61 Articles
Australia spared tariff hike as Donald Trump raises rates for 92 nations
The ructions from US tariff policy continue, with steeper rates announced by US President Donald Trump for 92 countries. It marks the end of decades of free trade by the US in favour of a protectionist approach - and the extent of the ripple effects remain to be seen.
US President Donald Trump has expanded the list of countries that face higher tariffs on exports to the US, as the old deadline for adopting trade agreements expires today, which he has moved to August 1, according to US media reports.
By July 9th, the world had expected clarity on US tariffs, assuming the Trump administration had concluded trade deals with ninety countries. But President Trump pushed the deadline back to August 1st. He continues to play with the timing and targets of tariffs. And that's not going away.
The deadline the United States gave the rest of the world to comply with its trade demands or face tariffs expired yesterday.
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