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White House: Trump to Extend ‘Reciprocal’ Tariff Deadline to Aug. 1

UNITED STATES, JUL 8 – President Trump extends tariff deadline to August 1 to finalize trade deals and sets rates from 25% to 40% for 14 countries amid ongoing negotiations, White House said.

  • President Donald Trump announced nearly 15 new tariffs, effective August 1, 2025, sending letters to the countries involved to inform them of the rates.
  • Following the April 2 tariffs, the White House extended the July 9 pause to August 1 through an executive order amidst ongoing trade negotiations.
  • President Trump signed letters to 15 countries, including Japan and South Korea with 25% tariffs, and South Africa at 30%, ahead of August 1 implementation.
  • Following the tariffs announcement, U.S. stock indexes declined, with the Dow Jones dropping 637 points amid market volatility, reflecting investor concerns.
  • Unless further orders are issued, full tariff rates will take effect at 12:01 a.m. on August 1, 2025, with no additional changes announced, reflecting ongoing trade negotiations.
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Today should be a decisive date in international trade policy.It is no longer a decisive date.On April 9, President Donald Trump imposed a 90-day pause on the entry into force of his so-called “reciprocal currencies,” after announcing his intention to impose tariffs on virtually everyone in response to what he considers unfair trade practices against the United States. That truce ends today, but the president decided to extend it until August 1.…

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The Japan Times broke the news in Japan on Monday, July 7, 2025.
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