• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Trump Extends Tariff Deadline for 14 Countries Until August

Tariff Deadline for 14 Countries Extended Until August, Says Trump

07/08/2025
Netanyahu at White House as Trump Hints at New Tariffs

Netanyahu at White House as Trump Hints at New Tariffs

07/08/2025
Reciprocal Tariff Deadline Extended to August 1 as Trump Renews Duty Threats

Reciprocal Tariff Deadline Extended to August 1 as Trump Renews Duty Threats

07/08/2025
Trump Extends Tariff Deadline, Warns of New Duties Up to 40%

Trump Extends Tariff Deadline, Warns of New Duties Up to 40%

07/08/2025
Trump Sets 25% Tariffs on Japan, South Korea, Adds Duties for 12 Nations

25% Tariffs on Japan, South Korea Set, Plus New Duties for 12 Nations, Trump Confirms

07/08/2025
Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

Innovative Filtrex® Expands Global Presence with Sustainable Engineering and Clean Energy Solutions

07/07/2025
Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

07/07/2025
Q2 U.S. Auto Sales Grow, While Tariffs Threaten Higher Prices

Q2 U.S. Auto Sales Grow, While Tariffs Threaten Higher Prices

07/03/2025
Rising Import Costs Put Pressure on U.S. Restaurants Amid Tariffs

Rising Import Costs Put Pressure on U.S. Restaurants Amid Tariffs

07/03/2025
Vietnam Trade Deal Secured as U.S. Prepares for Tariff Changes

Vietnam Trade Deal Secured as U.S. Prepares for Tariff Changes

07/03/2025
U.S. and Vietnam Reach Trade Agreement Including New 20% Tariff on Imports

U.S. and Vietnam Reach Trade Agreement Including New 20% Tariff on Imports

07/03/2025
Uncertainty Grows as July 9 Tariff Deadline Nears Amid Ongoing Trade Talks

Uncertainty Grows as July 9 Tariff Deadline Nears Amid Ongoing Trade Talks

07/03/2025
Two Star Safaris Ltd: Six Years of Growth, Impact, and Global Reach

Two Star Safaris Ltd: Six Years of Growth, Impact, and Global Reach

07/04/2025
supplychainreport
Tuesday, July 8, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Tariff Deadline for 14 Countries Extended Until August, Says Trump

by Daisy D.
07/08/2025
in Tariffs & Duties

President Donald Trump has announced an extension of the deadline for imposing higher tariffs on imports from 14 countries, including Japan and South Korea, delaying the measures until August.

The decision comes as a 90-day pause on some of the administration’s significant import taxes was set to expire this week. The president reaffirmed the possibility of a 25% tariff on products from Japan and South Korea, and disclosed letters sent to other world leaders outlining possible duties starting August 1.

YOU MAY ALSO LIKE

Netanyahu at White House as Trump Hints at New Tariffs

Reciprocal Tariff Deadline Extended to August 1 as Trump Renews Duty Threats

Originally, higher tariff rates were scheduled to take effect on July 9 but were previously suspended to allow for potential trade agreements. On Monday, Trump posted letters addressed to leaders of the affected countries on social media, indicating that rates could be adjusted “upward or downward” depending on each nation’s trade relationship with the United States.

Most of the proposed tariff rates remain consistent with the levels announced in April. In addition to Japan and South Korea, the updated plan includes a 40% tariff on goods from Myanmar and Laos, 36% on Thailand and Cambodia, 35% on Serbia and Bangladesh, 32% on Indonesia, 30% on South Africa, and 25% on Malaysia and Tunisia.

White House Press Secretary Karoline Leavitt stated that more communications with other countries could follow. She emphasized that the extended deadline does not lessen the impact of the proposed tariffs, noting continued outreach from foreign leaders seeking trade arrangements.

Treasury Secretary Scott Bessent described the coming days as busy, reporting an increase in negotiations and new proposals from various countries.

Trump first announced these tariff plans in April, describing them as a way to address trade practices he views as disadvantageous to U.S. businesses. The administration has also introduced other tariffs on sectors such as steel and automobiles, citing national security considerations.

Economists have raised concerns that higher import duties could lead to increased costs for American consumers and businesses. U.S. stock markets reflected some investor caution on Monday, with shares of Toyota’s U.S.-listed stock declining 4%.

Japan remains one of the largest suppliers of goods to the U.S., exporting over $148 billion in products last year, ranking fifth behind the EU, Mexico, China, and Canada. South Korea is also among the top ten import partners.

The U.S. has already reached trade agreements with the UK and Vietnam, and a partial deal with China, which have resulted in higher tariffs compared to previous levels. Negotiations with India are reported to be close to conclusion, while discussions continue with the European Union.

Recently, Trump warned Japan of a potential 30% to 35% tariff if an agreement is not reached soon.

#SupplyChainNews #TradePolicy #TariffsUpdate #GlobalTrade #NewsUpdate

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.