US President Donald Trump plans to issue an executive order extending the suspension of so-called reciprocal tariffs until August 1, White House Spokesperson Karoline Leavitt said today, July 7.
The suspension was originally set to expire tomorrow, July 9, after Trump announced in April a 90-day pause on the elevated tariffs—just days after implementing them—to give countries time to negotiate trade agreements.
Earlier today, Trump notified Japan and South Korea that he would impose a 25% tariff on goods from both countries.
Leavitt confirmed to reporters that around 12 other countries will receive similar notifications, which will also be posted on Trump’s Truth Social account.
US President Donald Trump plans to issue an executive order extending the suspension of so-called reciprocal tariffs until August 1, White House Spokesperson Karoline Leavitt said today, July 7.
The suspension was originally set to expire tomorrow, July 9, after Trump announced in April a 90-day pause on the elevated tariffs—just days after implementing them—to give countries time to negotiate trade agreements.
Earlier today, Trump notified Japan and South Korea that he would impose a 25% tariff on goods from both countries.
Leavitt confirmed to reporters that around 12 other countries will receive similar notifications, which will also be posted on Trump’s Truth Social account.
