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Trump Says Aug. 1 Tariff Deadline Won't Be Extended
Posted
July 31, 2025
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July 31, 2025
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8:23Now PlayingAlex Conant, partner at Firehouse Strategies, talks about the uncertainty of President Trump's tariff negotiations and how lawmakers are navigating the potential political fallout.
President Donald Trump will sign an executive order on Thursday imposing new tariff rates on trading partners that take effect Friday, the White House said.
The signing will take place “at some point this afternoon or later this evening,” White House Press Secretary Karoline Leavitt told reporters during a news briefing, adding that “Aug. 1, the reciprocal rates will be going into effect.”
The tariffs are country-specific rates that the president first announced in April, but paused twice to allow more time for negotiations with dozens of economies. Trump has struck deals with major trading partners, such as the European Union, the UK, Japan and South Korea, and unilaterally set rates on others, including India and Brazil. It’s unclear how many orders Trump will need to sign to enact the new policies.
Earlier: Chaotic Tariff Rollout Leaves US Importers Short on Details
Plans remain fluid about how the US will handle the many nations that did not reach a tariff agreement with Trump. The president previously said roughly 150 countries would receive a letter imposing blanket duties of around 10% to 15%, but Leavitt stopped short of saying that remained the plan.
“The rest of those countries that either do not have a deal or have a letter, they will be hearing from this administration by the midnight deadline tonight,” the spokeswoman said.
By waiting until the last minute to put the duties on paper, the administration has caused chaos for importers and back offices in the logistics industry that lack key details about their implementation. But the White House has stretched out talks with several partners in a bid to maximize leverage and secure the best possible terms.
Leavitt also said more deals could be reached before Friday. The US agreed to terms with Cambodia and Thailand, Commerce Secretary Howard Lutnick said Wednesday, though Trump and the countries have not announced the pacts.
“If more deals are cut between now and midnight, I will never count out the president. You’ve seen him do it before,” she said.
The president earlier Thursday continued Mexico’s current tariff rates for another 90 days to allow more time for trade negotiations, even after saying a day earlier that the Aug. 1 deadline “WILL NOT BE EXTENDED.” Levies on Mexican exports were due to rise from 25% to 30% starting Friday.
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