U.S. Extends Temporary Suspension of Retaliatory Tariffs, Prepares New Tariffs Effective August 1

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U.S. Extends Temporary Suspension of Retaliatory Tariffs, Prepares New Tariffs Effective August 1

On July 7, 2025, President Donald Trump signed an Executive Order extending the temporary suspension of retaliatory tariffs on all U.S. trade partners, effective from July 9 until 12:01 a.m. (EDT) on August 1, 2025.

This suspension does not apply to China, which remains subject to separate tariffs under Executive Order 14298 (issued May 12, 2025), effective until August 12, 2025.

At the same time, President Trump sent official notices to several countries announcing new retaliatory tariff rates on all goods imported into the U.S. from those countries, effective August 1, 2025.

Retaliatory Tariff Rates by Country (Effective August 1, 2025):

CountryTariff Rate
Algeria 30%
Bangladesh 35%
Bosnia & Herzegovina 30%
Brazil 50%
Brunei 25%
Cambodia 36%
Canada 35%
European Union 30%
Indonesia 19%
Iraq 30%
Japan 25%
Kazakhstan 25%
Laos 40%
Libya 30%
Malaysia 25%
Mexico 30%
Moldova 25%
Myanmar 40%
Philippines 20%
Serbia 35%
South Africa 30%
South Korea 25%
Sri Lanka 30%
Thailand 36%
Tunisia 25%
Vietnam 20%

Application Period:

The tariff suspension applies to goods imported into the U.S. for consumption, or withdrawn from warehouse for consumption, from 12:01 a.m. (EDT) on July 9 until before 12:01 a.m. (EDT) on August 1, 2025.

Additional Information:

 

  • On July 8, U.S. Customs and Border Protection (CBP) issued a CSMS alert confirming that the current 10% retaliatory tariff will remain in effect until August 1.

  • Specific tariff details by country may be announced later this week, potentially via the Truth Social platform.

  • The new tariffs are independent of sector-based tariff programs.

  • The White House noted that tariff rates may be adjusted (increased or decreased) depending on bilateral relations.

  • The U.S. warned it may increase tariffs further if affected countries retaliate.

  • Some letters mentioned higher tariffs could apply to goods involved in transshipment.

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