• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
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
ATLANTIS LOGISTICS (DRC) SARL Strengthens DRC’s Position in Global Trade Through Reliable Logistics Solutions

ATLANTIS LOGISTICS (DRC) SARL Strengthens DRC’s Position in Global Trade Through Reliable Logistics Solutions

07/30/2025
Trezix: Transforming Global Trade with AI-Driven Orchestration

Trezix Software Pvt Ltd Nominated for Go Global Awards 2025

07/30/2025
Trezix: Transforming Global Trade with AI-Driven Orchestration

Trezix: Transforming Global Trade with AI-Driven Orchestration

07/30/2025
U.S. and China Conclude Stockholm Talks as Tariff Pause Remains in Effect

U.S. and China Conclude Stockholm Talks as Tariff Pause Remains in Effect

07/30/2025
DTI Sees Tariff Adjustment as Positive Step for Philippines

DTI Sees Tariff Adjustment as Positive Step for Philippines

07/30/2025
Charts and graphs showing business items and U.S. tariff shifts. - Supply Chain News

Analysts Monitor U.S. Tariff Shifts Amid Trade Talks

07/30/2025
Wall Street Eases Concerns as U.S. Tariff Levels Stabilize Below Expectations

Wall Street Eases Concerns as U.S. Tariff Levels Stabilize Below Expectations

07/30/2025
Trump Proposes Global Baseline Tariff Rate of 15–20 Percent

Trump Proposes Global Baseline Tariff Rate of 15–20 Percent

07/30/2025
1FC Invest Enterprises Nominated for Go Global Awards 2025

1FC Invest Enterprises Expands Financial Inclusion Across India with Tech-Driven Legacy Planning Solutions

07/29/2025
1FC Invest Enterprises Nominated for Go Global Awards 2025

1FC Invest Enterprises Nominated for Go Global Awards 2025

07/29/2025
M.A.R.S.A.T S.A: Advancing Romania’s Energy Infrastructure with Turnkey Engineering Solutions

M.A.R.S.A.T S.A. Nominated for the Go Global Awards 2025

07/29/2025
M.A.R.S.A.T S.A: Advancing Romania’s Energy Infrastructure with Turnkey Engineering Solutions

M.A.R.S.A.T S.A: Advancing Romania’s Energy Infrastructure with Turnkey Engineering Solutions

07/29/2025
supplychainreport
Wednesday, July 30, 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

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

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

President Donald Trump announced Monday that the United States will extend a key tariff deadline to August 1 and outlined plans for new import duties that could reach as high as 40% for certain countries.

Shortly after noon, Trump published letters addressed to the leaders of Japan and South Korea, warning that their goods could face a 25% tariff if no new agreements are reached. The same rate had been previously announced during his April 2 speech. Items suspected of being transshipped through these countries could face higher duties.

YOU MAY ALSO LIKE

U.S. and China Conclude Stockholm Talks as Tariff Pause Remains in Effect

DTI Sees Tariff Adjustment as Positive Step for Philippines

Later in the day, additional letters were released threatening tariffs of up to 40% on imports from Myanmar and Laos, 30% on South Africa, and 25% on Malaysia and Kazakhstan. The administration intends to apply these measures under the International Emergency Economic Powers Act, though the scope of that authority remains under court review. Markets responded to the announcements with increased volatility.

After the letters were posted on social media, the S&P 500 index fell by as much as 1% during Monday trading. White House Press Secretary Karoline Leavitt confirmed that Trump would sign an executive order to extend the original tariff deadline, which was set to expire this Wednesday, to August 1.

This extension continues a pattern of shifting timelines since the initial tariff proposals in early April, which caused significant market turbulence at the time. The president initially delayed the higher duties to allow more time for negotiations. Since then, U.S. stock indexes have rebounded and reached new highs, though analysts remain watchful of renewed trade tensions.

Treasury Secretary Scott Bessent told CNBC that while further announcements are expected within days, the administration is prioritizing “quality” over “quantity” in any new trade deals. According to White House spokesperson Kush Desai, any final decisions on tariffs and trade frameworks will come directly from the president, who has signaled that all terms remain open to revision.

So far, the administration has confirmed only a limited number of new trade arrangements, including agreements with the United Kingdom, China, and Vietnam. On Sunday, Trump indicated that additional measures could include a 10% tariff on goods from countries aligning with certain economic blocs, on top of the current 10% baseline duty.

While some market analysts expect the renewed uncertainty to be a source of volatility, they do not believe it will derail the broader U.S. economy or equity markets. However, they note that higher import taxes could add to inflation pressures, which the Federal Reserve continues to monitor closely as it weighs future interest rate decisions.

Analysts at Capital Economics noted that the Federal Reserve is unlikely to adjust interest rates until the full inflation impact of the tariffs becomes clearer, adding that borrowing costs for businesses and consumers could remain elevated if tariffs push prices higher. With the extended deadline now set for August 1, further negotiations and possible announcements are expected in the weeks ahead.

#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.