Donald Trump's news on tariffs on various countries

1. Expansion of New Tariffs — New Letters Issued (Early July)

• Between July 5 and 7, Trump signed and issued tariff letters notifying approximately 12-14 countries that they would face new "reciprocal tariffs" starting August 1, 2025.
• These countries will face new tariff rates (some as high as 70%), with the rate varying by country.

2. Suspension Period Extended to August 1

• The high-rate phase was originally scheduled to begin on July 9 with the "Liberation Day" reciprocal tariffs, but Trump extended the suspension period to August 1, 2025, via executive order.

3. Tariff policies for specific countries:

• Japan: Originally planned to impose a 25% tariff on automobiles and other goods, but later reached an agreement with Japan to reduce the automobile tariff to 15%, and other goods were also unified at 15% ([Reuters][6]).

• EU: Completed a trade agreement with the Trump administration, with tariffs on most goods unified at 15%, lower than the previously threatened 30%–50%, but steel and aluminum will still maintain a 50% tariff ([businessinsider.com][7]).

• India: A 25% tariff will be imposed from August 1st. There is strong opposition in India, criticizing the government's poor diplomatic response and calling it a "dead economy" ([timesofindia.indiatimes.com][8]). * Canada: Plans to impose 35% tariffs from August 1, while Trump mentioned that most other countries will be subject to a uniform 15–20% basic tariff ([Al Jazeera][9], [cbsnews.com][10]).

4. Steel and aluminum tariffs increased to 50%

• From June 4, Trump raised the steel and aluminum import tariffs from the previous 25% to 50%, applicable to most countries. The UK will maintain 25% for the time being or adjust it depending on the agreement ([whitehouse.gov[11]).

5. Overall tariff trends for major economies such as China, the US, India, and Europe:

• The US and China reached a framework agreement, under which the US maintains a 55% tariff on most Chinese imports and China maintains a 10% tariff on the US; this is part of the reduction agreement reached a month ago ([pbs.org][12], [cbsnews.com][13], [weforum.org][14]).

• A preliminary agreement was also reached with the UK and Vietnam: the tariff on Vietnamese goods is agreed to be 20%, and the UK agreement also sets a basic tariff threshold of 15–20% for most countries ([weforum.org][14], [finance.yahoo.com][15], [cbsnews.com][10]).

6. Court proceedings and budgetary impacts

• The US Court of International Trade ruled that Trump's 2025 "Liberation Day" reciprocal tariffs violated the IEEPA authority and issued a permanent injunction, suspending the collection of tariffs ([Wikipedia][16]). * Treasury data shows that due to the large-scale tariff collection, customs revenue in May 2025 increased by 15% compared with last year, an increase of billions of dollars, and the trade deficit narrowed significantly ([Reuters][17], [abcnews.go.com][18]).

7. Economic impact on US businesses and consumers

• Analysis points out that the current tariff policy will force US employers to invest approximately $82.3 billion more, and they may pass on the costs through price increases or layoffs. Consumer prices may rise as a result, and business operations will also be under pressure ([pbs.org][19]).

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📅 Timeline (June-July 2025)