US EditionWhat to know about Trump's shifting tariff deadline
UNITED STATES, JUL 7 – The White House will issue tariff notification letters to dozens of countries, postponing enforcement to Aug. 1 amid ongoing trade negotiations and market uncertainty.
- Following Trump’s weekend announcement, the White House plans to send 'Letters, and/or Deals' starting Monday at noon ET amid timing uncertainty over August 1 tariffs.
- The 90-day suspension of tariffs, imposed after the April 2 'Liberation Day' announcement, is expiring July 9, following market selloff concerns and negotiations delays.
- U.S. Treasury Secretary Scott Bessent states up to 15 letters will notify about 100 countries of potential return to April 2 tariffs, warning of a boomerang effect.
- Foreign trade officials are rushing to finalize deals before July 9, with most expected to meet the deadline, as high tariffs could return afterward.
- Starting August 1, 25% tariffs will be imposed on South Korea and Japan as reciprocal tariffs take effect, impacting ongoing trade negotiations.
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26 Articles
Why some investors are calm about Trump's tariffs
janiecbros/Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Good morning. Some may balk at the prospect of moving in with their mother-in-law to save money. But that's what a content creator and her family did after her partner lost his job. She told BI that multigenerational living is the way life is meant to be.Plus, today is Amazon's Prime Day. What…
The Trump administration has earned billions of dollars in the customs chaos, and the tariffs themselves have been less involved, and an important deadline is approaching.
On July 9, Trump could use his new tariffs as announced – and the EU could start its counter-tariffs. Trade experts explain how this could affect prices.
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