Particle.news

Download on the App Store

Trump Extends Tariff Deadline to August 1 After Sending 10–70% Duty Letters

The administration has extended its tariff pause to maintain leverage over partners, intensifying negotiations under the threat of sweeping duties.

Netanjahu besucht Trump in den USA
Image
Image
Image

Overview

  • A presidential decree moves the tariff enforcement deadline from July 9 to August 1 following Finance Minister Bessent’s warning of sweeping duties if talks fail.
  • On July 7, the White House dispatched letters to 12–15 partners detailing proposed tariffs of 10–70%, with sector-specific surcharges threatened for noncompliance.
  • Countries aligning with BRICS policies face an additional 10% surcharge on imports, signaling expanded economic pressure on anti-US blocs.
  • So far, only the United Kingdom and Vietnam have formalized bilateral trade agreements under the new tariff regime.
  • Officials including Bessent and Trade Minister Lutnick say multiple agreements are within reach; they expect further announcements before the August 1 deadline.