New tariffs postponed until August 7, as announced by a US government authority.
The White House has announced a revised date for the implementation of new tariffs on imports from almost 70 countries and the European Union. The new tariffs, which include specific tariff rates for each country, will officially take effect at 12:01 a.m. Eastern Daylight Time on August 7, 2025.
However, goods that are already in transit before that date and enter consumption before October 5, 2025, will remain subject to the previously imposed tariffs rather than the new additional duties. This adjustment in timing reflects updated trade negotiations and agreements with trading partners, including the EU.
The new tariffs are a result of President Trump's argument that trade deficits with other countries pose a national security risk, thus constituting a national emergency. The U.S. government official stated that more time is needed to implement the new rules.
Canada is an exception, with a 35 percent tariff imposed on Canadian imports by decree. Trump has justified this higher tariff due to insufficient drug trafficking prevention measures by the Canadian government. Previously, the tariff rate for Canadian imports was 25 percent.
The original date for the introduction of new tariffs was August 1, but it was changed due to ongoing negotiations and developments in trade and security agreements. Some foreign trading partners, including the EU, have either agreed to or are close to concluding meaningful agreements with the U.S., which has led to adjustments in the timing and structure of these tariffs to accommodate those evolving circumstances.
The decision affected almost all tariffs imposed by Trump's government, including country-specific trade barriers. The White House has announced that a 10 percent tariff will be applied to imports from countries not specifically listed. The 15 percent tariff on imports from the EU will also start on August 7.
It is worth noting that the appeals court is still dealing with the legality of many of these tariffs. The Court of International Trade in New York denied Trump's government the authority to impose sweeping tariffs under the guise of a national emergency. The appellate judges have expressed skepticism about the government's approach, with concerns about the invoked emergency law not mentioning the word "tariffs" anywhere.
Trump accuses the affected trading partners of imposing high tariffs or not opening their markets enough for imports from the United States. The administration aims to balance protecting U.S. national security and economic interests with the progress of trade negotiations.
The new tariffs are part of a broader trade policy that seeks to address what the U.S. government perceives as unfair trade practices by its trading partners. This policy has been met with both criticism and support, with some arguing that it could lead to a global trade war, while others believe it is necessary to protect U.S. interests.
- The White House's revised implementation date for new tariffs on imports, including those from the European Union, is part of a broader policy-and-legislation aimed at addressing perceived unfair trade practices.
- The ongoing adjustments in the timing and structure of these tariffs, as seen with the delay from August 1 to August 7, 2025, reflect updated politics and negotiations involving trading partners, such as the EU.
