Trump Signs Order to Delay Tariff Deadline to August 1 Amid Limited Trade Progress
On Monday, U.S. President Donald Trump signed an executive order officially pushing back the implementation date for his so-called “reciprocal” trade tariffs to August 1, extending it from the original July 9 deadline. The move comes as the administration has made only modest headway in securing new trade agreements with key global partners.
Trump and other senior White House officials had been signaling the August 1 date in recent days, citing slow progress in negotiations with major economies. Monday’s order formalizes that deadline, which the administration is referring to as “liberation day,” when tariffs are expected to take effect.
The president has begun issuing letters detailing the planned duties, which include a proposed 25% tariff on imports from countries like South Korea and Japan.
At a White House event, Trump told reporters that while he remains committed to the August 1 deadline, it is not entirely fixed, and he is still open to continued negotiations.
Financial markets remain wary of the economic fallout from the planned tariffs, which analysts expect will primarily impact U.S. importers. The Federal Reserve has cautioned that the tariffs could contribute to higher inflation.
