The Trump administration is set to reimpose country-specific reciprocal tariffs beginning August 1, bringing an end to the 90-day suspension period that was granted to allow negotiations. According to the announcement, the U.S. will formally notify 18 key trading partners of their assigned duty rates starting Monday, unless they successfully finalize agreements by the July 9 deadline. The proposed tariffs will range from 10% to as high as 70%, depending on each country’s trade practices and prior commitments.
Treasury Secretary Scott Bessent reiterated that countries failing to secure deals before the deadline will see tariffs revert to the original, harsher rates laid out in the April 2 directive. So far, the U.S. has concluded agreements with Vietnam, China, and the United Kingdom, sparing these nations from the pending levies. However, many other trading partners remain at risk of steep duties if negotiations stall.
This move underscores the administration’s push to enforce stricter trade reciprocity, aiming to pressure foreign governments into opening their markets more fairly to U.S. goods and services. With time running out, impacted nations must act swiftly to avoid severe economic consequences from the incoming tariffs.
