Tariff enforcement postponed as negotiations continue
President Trump signed an Executive Order delaying the start of country-specific reciprocal tariffs from July 9 to August 1, 2025, citing ongoing trade talks and updated guidance. He also confirmed that 14 countries received letters warning of tariff hikes above 10% if no deals are reached by August 1, with more countries possibly to follow. These 14 nations represent a significant share of affected U.S. imports, broken down as follows:
1. Japan: 25%
2. South Korea: 25%
3. Tunisia: 25%
4. Malaysia: 25%
5. Kazakhstan: 25%
6. South Africa: 30%
7. Bosnia & Herzegovina: 30%
8. Indonesia: 32%
9. Serbia: 35%
10. Bangladesh: 35%
11. Thailand: 36%
12. Cambodia: 36%
13. Laos: 40%
14. Myanmar: 40%
The President mentioned an agreement with Vietnam, though no details have been released, leaving the nature of the deal open to speculation. He also announced via Truth Social that the U.S. has agreed with China to supply magnets and rare earth elements, and that student visas would be issued to Chinese citizens. Further specifics on both agreements have yet to be disclosed.
The delay affects specific tariff provisions in the Harmonized Tariff Schedule (HTSUS), which will remain suspended until the new effective date. Currently, the separate tariff suspension related to China under Executive Order 14298 remains unchanged.
For more information please visit: Extending the Modification of the Reciprocal Tariff Rates – The White House
Due to the rapidly changing application and modifications of duty rates, please note that Deringer is not responsible for coordinating the timing of U.S. entry and imposed tariff rates.