Source: Supply Chain Dive
Date: 7th July 2025

The United States will begin enforcing new country-specific tariff rates ranging from 25% to 40% starting August 1, following the expiration of a 90-day pause.

The U.S. President outlined these rates in identical letters to several nations, including Japan, South Korea, and South Africa. These tariffs, some of which differ from those previously announced in April, are part of a broader reciprocal trade policy. The U.S. President indicated that the tariffs could be adjusted—either increased or decreased—based on future trade relationships and market access granted to the U.S.

Additionally, the U.S. President signed an executive order extending the implementation pause until August 1. This move does not affect current tariffs on China, which will remain reduced until mid-August under a separate agreement. The U.S. President also mentioned ongoing trade negotiations with China, the U.K., and Vietnam. While a deal with the U.K. has been signed and the China agreement awaits formal approval, Vietnam has yet to confirm its participation. The administration emphasized that any retaliatory tariffs imposed on the U.S. will be matched in kind.