Trump Delays Tariffs Until August 1 2025 25 Percent Tariff On Japan South Korea

President Trump has announced that the tariffs, which were initially set to go into effect on July 9, 2025, have been delayed until August 1, 2025. This decision comes after a series of adjustments to the tariff deadlines, which had been subject to various updates and changes. The tariffs, part of a broader strategy to impose "reciprocal" duties on imports, will now be enforced as planned on August 1, 2025, with no further extensions granted.

Trump emphasized the firmness of the deadline in a post on Truth Social, stating that "TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 — No extensions will be granted." This announcement follows a period of uncertainty, during which Trump had indicated that the August 1 deadline was "not 100 percent firm." He had suggested that the deadline could be pushed back further if countries came to him with a deal he liked. "I would say firm, but not 100 percent firm," Trump said. "If they call up and they say, ‘We’d like to do something a different way,’ we’re going to be open to that. But essentially that’s the way it is right now."

The tariffs in question are part of a broader strategy to impose duties on imports from various countries. Trump announced that the U.S. would impose a 25 percent tariff on Japan and South Korea, two of the U.S.’s largest trading partners. Additionally, tariff rates that will go into effect next month on goods from Indonesia (32 percent), Bangladesh (35 percent), South Africa (30 percent), Malaysia (25 percent) and a handful of other countries have been announced. Trump is expected to announce various other tariff rates throughout the week.

The timing and severity of tariffs on other nations have been shifting targets since Trump took office, after vowing on the campaign trail to aggressively impose duties on imports. He has repeatedly threatened tariffs on other nations, only to back off or delay their imposition. The "reciprocal" tariffs are separate from sector-based tariffs on other goods that have been announced.

The latest delay in the tariff deadline has brought a mix of hope and confusion to major trade partners, including Japan, South Korea, and the European Union. These countries had been given three extra weeks to negotiate trade deals with the U.S., but the firmness of the new deadline has now been reinforced. The administration's stance on tariffs has been a subject of much speculation and debate, with the president's approach to trade policy being characterized by its unpredictability and frequent changes.

South Korea has expressed its intention to negotiate the tariff rate down in the coming weeks. Japanese Prime Minister Shigeru Ishiba called Trump’s decision “extremely regrettable,” but also expressed hope for an agreement with the U.S. The administration's approach to trade policy has been marked by its unpredictability and frequent changes, leading to a mix of hope and confusion among major trade partners.