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Trump delays tariff hike again. Here are the new tariff rates.

UNITED STATES, JUL 8 – President Trump extended the tariff pause until August 1 and adjusted rates for 14 countries to encourage trade deals and avoid retaliation, the White House said.

  • On Wednesday, President Donald Trump delayed the tariff deadline to August 1, sending letters on July 7 to multiple countries and pledging no further extensions.
  • President Donald Trump extended the tariff pause to August 1, posting letters to Japan and South Korea urging no retaliation and warning of new tariffs if deals aren't struck by then.
  • Among these changes, tariffs now range from 25% to 50%, with a 1% increase for Japan and Malaysia and a 13% decrease for Cambodia, according to official letters sent last week.
  • This extension prolongs uncertainty for importers of appliances, electronics, chemicals, plastics, and rubber, while giving more time for trade deal negotiations.
  • Beyond the immediate effects, UBS warns that if tariffs revert after August 1, U.S. growth could slow from 0.9% to 0.6%, highlighting ongoing economic uncertainty.
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The high tariffs at the beginning of April have been paused. But now the levels are starting to rise again. We should be just as alarmed this time.

·Stockholm, Sweden
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+21 Reposted by 21 other sources
Center

Trump delays tariff hike again. Here are the new tariff rates.

President Trump delays tariff deadline to August 1 while adjusting rates in some countries.

·Pittsburgh, United States
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freshplaza.com broke the news in on Tuesday, July 8, 2025.
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