The White House has announced an extension of the tariff deadline to August 1, as President Trump continues trade negotiations with multiple nations.
On July 8, the White House confirmed that President Trump signed an executive order extending the deadline for tariffs to August 1, following the suspension of reciprocal tariffs initially set for July 9. The new tariffs target 14 countries, with rates ranging from 25% to 40%. Countries such as Japan and South Korea face a 25% tariff, while others like Laos and Myanmar are targeted with a 40% rate. These tariffs are part of ongoing trade negotiations and are scheduled to take effect on August 1.