President Donald J. Trump has signed an Executive Order extending certain tariff rates initially set to expire on July 9, now set to expire on August 1, 2025. The President also sent letters to various countries informing them of new reciprocal tariff rates that will take effect on the same date.
This move is part of President Trump's ongoing efforts to address nonreciprocal trade relationships and reinforce America's economic sovereignty. According to the administration, these actions aim to protect U.S. economic and national security interests.
The Executive Order reflects President Trump's longstanding challenge against unfair trade practices affecting American workers and businesses. Since taking office, he has emphasized reducing the historic trade deficit by opposing practices deemed disadvantageous.
