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Trump card Tariff Deadline Looms Large: Trade Deals US Has Announced So Far

August 9, 2025

Trump card Tariff Deadline Looms Large: Trade Deals US Has Announced So Far – Read full story below.

The clock is tick closer to US President Donald Trump ‘s latest duty deadline of August 1. And piece several Thomas More deal — or at least model for deal — rich person be reach since his stopping point duty deadline of July 9 come and travel, trade negotiation with many state are still in flux.

Trump card unveil sweeping importation tax on good approach into the US from about every state dorsum in April. That include heighten so-called reciprocal rates for certain state, the majority of which rich person since be postpone twice.

The number one 90-day intermission arrive in an evident attempt to squelch planetary marketplace terror and ease country-by-country negotiation, with the Trump disposal at one point scene a exalted end of reach 90 trade deal in 90 years.

But 3 calendar month ulterior, lone two deal emerge: with the UK and Vietnam. A offprint “ model” for a trade was hash out with China. And by early July, Trump get down sending warning letters that higher duty would be enforce against tons of state on August 1.

Since then, the US has announce Thomas More trade model. But key inside information stay thin — or not instantly capture in authorship.

Here ‘s what we know astir the agreement so far, in the order of those most late announce.

The US president state he reach an understanding with Seoul on July 30 that would enforce a 15 % duty on good from South Korea.

The state rich person besides agree for South Korea to buy $ 100 one million million in free energy resource from the US and for South Korea to spring to the US $ 350 one million million for “ investing own and control by the United States, and choose by myself, as president,” Trump state.

The US and the EU announce a trade model that enforce 15 % duty on most European good, guard off Trump ‘s most Holocene menace of 30 % if no trade had be reach by August 1.

But some key inside information necessitate Thomas More work. The newspaper headline of the understanding, unveil July 27, is that the 15 % duty rate volition use to 70 % of European good bring into the US, with the EU ulterior confirm that that rate use to pharmaceutical, semiconductor, and car and car parts. But the stay 30 % of those import is still clear for negotiation.

European Commission President Ursula von der Leyen state that both side had agree to nothing duty for a scope of “ strategical” good. Interim, Trump indicate to heighten investing from European company in the US — include what Trump state was $ 750 one million million ( 638 one million million euro) worth of natural gas, oil and atomic fuel over 3 old age, as well as an extra $ 600 one million million ( 511 one million million euro) nether a political committedness that is n’t lawfully binding, official state.

On July 22, Trump announce a trade model to enforce 15 % duty on Japan — down feather from his previously-threatened rate of 25 %. The US president besides state Japan would put $ 550 one million million into the US and would “ clear” its economic system to American car and rice.

The newly-agreed on 15 % duty rate besides use to Japanese car — marker a welcome alleviation for car manufacturer the like Toyota Motor Corp and Honda, which, the like other car manufacturer, rich person confront a 25 % levy on key parts and complete vehicle departure into the US since earliest this twelvemonth. But car company in other state, include US rival, concern that this could put them at a disadvantage.

Shortly after a July 22 group meeting with Philippine President Ferdinand Marcos Jr, Trump announce that he would lower berth his approaching duty on import from the state to 19 % — down feather just 1 % from his old menace of 20 %.

In tax return, Trump state on Truth Social, the US would not pay duty on American good it transport to the Philippines. But extra inside information stay ill-defined. Marcos state his state was see option such as have an clear marketplace without duty for US car, but stress inside information be still left to be work out.

On July 15, Trump once again take to sociable medium to denote that he ‘s agree to lower berth his plan duty on Indonesian good to 19 % — down feather from a previously-threatened levy of 32 % — piece American good sent to the Southeast Asian state volition human face no duty. A fact sheet from the White House ulterior confirm that “ over 99 % of US merchandise” export to Indonesia would be sent duty-free.

Indonesian President Prabowo Subianto state he volition go on to negociate with Trump, in hope of foster lowering the approach US duty.

On July 2, Trump announce a trade trade with Vietnam that he state would let US good to come in the state duty-free. Annamese export to the US, by direct contrast, would human face a 20 % levy.

That ‘s less than one-half the 46 % “ reciprocal” rate Trump propose for Vietnamese good dorsum in April. But in add-on to the new 20 % duty rate, Trump state the US would enforce a 40 % tax on “ transship ” — target good from some other state that halt in Vietnam on their way to the United States. Washington d.c. complain that Chinese good rich person be evasion higher US duty by transit done Vietnam.

On May 8, Trump agree to cut duty on British car, steel, and aluminium, among other trade pledge — piece the UK promise to cut down levy on US merchandise the like olive oil, vino, and sport equipment. The trade was announce in grandiose footing by both state, but some key inside information stay unknown region for week.

When the trade was announce, for illustration, the British authorities notably state that the US agree to relieve the UK from its then-universal 25 % duty on foreign steel and aluminium, which would rich person efficaciously let both metallic element from the state to semen into the US duty-free.

But the timing for when those cut would really return consequence stay up in the air for about a calendar month. It was n’t until early June, when Trump hike his steel and aluminium duty to a punish 50 % world-wide, that the US admit it was clip to implement the understanding. And evening then, US duty on British steel and aluminium did not go to nothing. The UK was the lone state spare from Trump ‘s new 50 % levy, but it still face 25 % importation tax on the metallic element.

At its extremum, Trump ‘s new duty on Chinese good total 145 %, and China ‘s countertariffs on American merchandise reach 125 %. But on May 12, the state agree to their own 90-day armistice to axial rotation dorsum those levy to 30 % and 10 %, severally. And in June, inside information get down trickle in astir a probationary trade understanding.

US Treasury Secretary Scott Bessent state that China had agree to brand it easy for American firm to get Chinese magnet and rare world mineral critical for fabrication and chip production. Interim, the Chinese Commerce Ministry state that the US would “ lift a series of restrictive measure it had enforce on China. ”

Other key inside information of the trade stay cloudy — include the timing of execution for these footing. On July 29, China ‘s top trade functionary state the two side had agree to work on widen an August 12 deadline for new duty on each other, followers a two-day trade group meeting in Stockholm. The US side state extension plan be discourse, but not decide.