Trump delays tariffs again, but announces new tax rates in certain countries | Trump tariffs

Donald Trump revealed plans to strengthen the trade war on Monday, but tariffs on goods in key economies were delayed until next month due to confusion over his controversial economic strategy.

The U.S. President announces countries including Japan,,,,, South Korea As of August 1, South Africa will face tariffs of up to 40%. However, there will be no increase on Wednesday after he extended the previous pause.

White House officials also show that the rate of new blankets collected from all goods imported from certain markets will be included in the existing responsibilities of certain departments, such as automobiles, rather than imposing them onto existing responsibilities.

Copy of letters posted to world leaders on social media, Trump announces The following new U.S. tariff rates:

He also signed an executive order on Monday extending a 90-day pause that effectively delayed the deadline for trade negotiations to August 1 in a so-called “reciprocity” tariff first proposed in April.

Press Secretary Karoline Leavitt said in a press conference that more letters will be sent later this week.

She added that Trump was “close” in other deals but “wanted to make sure it was the best deal.”

Trump officials initially suggested they reach dozens of deals with major economies by July 9, but have since said they would seek an extension to continue negotiations.

The letters are largely the same and inform leaders that their country will not bear tariffs if it “decides to build or manufacture products within the U.S..”

Trump also threatened to increase additional tariffs on U.S. exports, and also threatened to higher tariffs. “If for any reason you decide to raise tariffs, then we will be added to 25% of our charges regardless of the number you choose to raise,” he wrote.

In earlier Truth Society articles, Trump also threatened additional taxation by countries working with BRICS countries (Brazil, Russia, India, China and South Africa), and the group leader issued a statement on Sunday that “serious concern over the rise of unilateral tariffs” measures.

Trump initially announced so-called reciprocity tariffs in April, called “liberation day” by the White House, and some countries face tax rates up to 50%

So far, the U.S. has reached deals with three countries: Britain, China and Vietnam, and Becent said the U.S. is still working on negotiations.

The new August deadline for unfinished deals has also been waiting for three weeks of probation, but new uncertainty about importers has sparked new uncertainty due to the lack of clarity in tariffs.

As the July deadline approaches, Trump officials have been fighting for brokerage deals.

Irish Prime Minister Simon Harris confirmed that Trump’s EU threat to 50% of tariffs has been granted an extension and talks will not be held until August 1.

“I want to be clear that while there may be some form of tariff, their levies are not good for consumers, employment, economic growth and investment at a lower rate,” Harris said. “We have been calling for zero-zero tariffs in as many areas as possible, and I know the EU advocates this action plan.”

The White House has arrived deadlock Although initially optimistic, negotiations were held with Japan. Trump said Friday that it was “much easier to send a letter” and that the offer was “take it or leave it.”

On Wall Street, the benchmark S&P 500 fell 0.8% after Trump released his first letter on Monday. The Dow Jones industrial average fell 0.9%.

Although U.S. stocks have largely recovered from uncertainty in Trump’s trade war, the dollar still exists weaken After several months of fighting. At the beginning of the year, the dollar was the worst in six months in more than 50 years, down 10.8% since the beginning of 2025.

The British government said it was trying to complete a deal to protect the industry from Trump’s trade war, and British steelmakers faced a tense wait to find out whether they would be hit by U.S. tariffs.

The United States has set a 50% tariff on foreign steel and aluminum imports. Although the UK has promoted a 25% reduction rate and has tried to lower it to zero, no deal has been concluded.

Downing Street declined to confirm on Monday that it was confident it could eliminate U.S. tariffs on British steel before the Trump deadline. A spokesperson No. 10 said: “Our cooperation with the United States continues to implement this deal as soon as possible.”