Tariff Changes Effective August 1, 2025
On July 7th, an Executive Order extending certain tariff rates until August 1, 2025.
New tariff letters were also sent to several countries, setting updated reciprocal tariff rates that will start on the same date (8/1). Some countries will see lower rates than announced earlier this year, while others will see higher rates.
Countries affected include:
Bangladesh (35%)
Bosnia and Herzegovina (30%)
Cambodia (36%)
Indonesia (32%)
Japan (25%)
Kazakhstan (25%)
Korea (25%)
Laos (40%)
Malaysia (25%)
Myanmar (40%)
Serbia (35%)
South Africa (30%)
Thailand (36%)
Tunisia (25%)
Additional Key Dates to Remember:
July 9: This was the original deadline for countries to finalize trade agreements with the U.S. or face higher tariffs. Updated tariff rates for several countries are expected to be announced at the end of this deadline. July 9 was also the target date for the U.S. and the EU to reach an agreement to remove a 50% tariff on all EU imports.
July 14: On April 9, the EU announced plans to impose retaliatory tariffs in response to U.S. tariffs on EU steel and aluminum. However, the EU paused these counter-tariffs for 90 days after the U.S. paused its reciprocal tariffs. This 90-day pause is set to end on July 14.
August 1: If trade agreements are not reached, the higher U.S. tariffs on trading partners are scheduled to take effect on August 1.
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We’ve got you covered. We understand the challenges these proposed tariffs may bring, and as your trusted partner, we will work closely with you to adjust your strategies and stay compliant throughout.
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