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

August 10, 2025

Trump 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 .