See every side of every news story
Published loading...Updated

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

  • President Donald Trump extended the deadline for 'reciprocal' tariffs on imports from 14 countries to August 1, 2025.
  • Trump delayed the original July 9 deadline to finalize trade details believed to benefit American workers and manufacturing, as explained by White House Press Secretary Karoline Leavitt.
  • The tariffs include 25% rates on goods from Japan, South Korea, Malaysia, and Kazakhstan, with higher rates ranging up to 40% on Laos, Myanmar, and South Africa, and letters announcing these rates were sent to the countries' leaders.
  • Stock futures fell sharply following the announcement, with Dow Jones futures dropping 127 points and the S&P 500 and Nasdaq futures down 0.24% and 0.19% respectively, reflecting market uncertainty over tariff escalations.
  • The tariff extension signals continued trade tensions that have led companies to limit dividend increases amid worries about inflation, employment, and global policy uncertainty.
Insights by Ground AI
Does this summary seem wrong?

207 Articles

All
Left
41
Center
41
Right
22
Center

US President Trump wants to convince other countries to conclude deals with the US with his customs threats. Wolfgang Landmesser reports on what this policy means for US companies.

·Hamburg, Germany
Read Full Article

The White House has extended the deadline for the new trade agreements until the beginning of August – and in doing so it also slightly adapts the tariff rates threatened. Bilateral letters now inform the countries.

·Zürich, Switzerland
Read Full Article
Lean Right

The US President remains on a zigzag course in customs policy: the import duties announced in April should actually take effect from Wednesday. But now there is an extension of the deadline - and new threats, especially against Asian trading partners.

InsideNoVA.comInsideNoVA.com
+17 Reposted by 17 other sources
Center

Tariffs postponed another few weeks per latest executive order

(The Center Square) – In a late-afternoon executive order Monday, President Donald Trump postponed the reciprocal tariffs he announced on April 2 for a second time, to Aug. 1. The pause was announced less than 48 hours before the original…

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 39% of the sources lean Left, 39% of the sources are Center
39% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Japan Times broke the news in Japan on Monday, July 7, 2025.
Sources are mostly out of (0)