On Monday, July 7th, President Trump issued an Executive Order extending the deadline to re-impose higher reciprocal tariff rates on other countries from July 9, 2025 to August 1, 2025. This extension does not apply to the reciprocal tariff rates imposed on China pursuant to Executive Order 14298 of May 12, 2025.
This Executive Order was issued in light of the President’s earlier social media posts, in which he shared letters sent to various countries identifying the reciprocal tariff rate that will go into effect on August 1st. Those rates include:
- Japan: 25%
- South Korea: 25%
- Malaysia: 25%
- South Africa: 30%
- Kazakhstan: 25%
- Tunisia: 25%
- Laos: 40%
- Myanmar: 40%
While there have been discussions with Vietnam and social media posts, there have been no official pronouncements with respect to any finalized agreement our rates. See our previous post summarizing the status on Vietnam.
The deadline for the reciprocal rates has been pushed back to give countries time to negotiate with the United States. The rates are not yet finalized and may be lowered if a trade agreement is reached with the United States.
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