On 7th July, President Trump signed an Executive Order determining that certain tariff rates, which were initially set to expire on July 9, will expire on August 1, 2025. President Trump also sent tariff letters to many countries informing them of their new reciprocal tariff rates, which will take effect on August 1.
PRC - With respect to the PRC, the separate tariff suspension effectuated by Executive Order 14298 of May 12, 2025 (Modifying Reciprocal Tariff Rates To Reflect Discussions With the People’s Republic of China), remains in effect and is unaltered by this order.
For full details, please refer to the official executive order at below link:
A Fact Sheet was also published on 7th July : President Donald J. Trump Continues Enforcement of Reciprocal Tariffs and Announces New Tariff Rates
President Trump sent letters to many countries explaining that, starting August 1, they will be subject to new reciprocal tariff rates designed to make the terms of our bilateral trade relationships more reciprocal over time and to address the national emergency caused by the massive U.S. goods trade deficit.
In some instances, countries will be subject to a revised reciprocal tariff rate that is lower than the rate initially announced on April 2.
For others, the reciprocal tariff rate may be higher than the previous rate.
The President may send more letters in the coming days and weeks. The countries he sent letters to today include:
- Japan (25%)
- Korea (25%)
- South Africa (30%)
- Kazakhstan (25%)
- Laos (40%)
- Malaysia (25%)
- Myanmar (40%)
- Tunisia (25%)
- Bosnia and Herzegovina (30%)
- Indonesia (32%)
- Bangladesh (35%)
- Serbia (35%)
- Cambodia (36%)
- Thailand (36%)
For full details see officially published Fact Sheet from 7th July:
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