US President Trump Delays Tariff Hike, Signals Trade Deals Are Near

In April, US President Donald J. Trump announced an IEEPA reciprocal of 10% base tariff rate on most countries. Additional duties ranging up to 50%, as part of the April 2 Liberation Day reciprocal tariffs, were postponed to take effect on July 9.

On Sunday, July 6, President Trump disclosed that his administration will postpone the higher reciprocal tariffs from July 9 to August 1. The administration aims to pressure countries to finalize trade deals or face the steep tariffs. The 3-week reprieve will allow pending trade agreements with major partners such as India, the E.U. and Thailand to be finalized; it will also give countries without a trade deal an opportunity to negotiate.

Countries that are currently without trade deals will be formally notified on July 9 of the tariffs they will face.

Lastly, a new 10% tariff will also be imposed on nations aligning with the BRICS bloc (Brazil, Russia, India, China, South Africa, and others). The final details of the new tariff have not yet been issued.

At Allyn International, we are committed to supporting the global trade community with strategic, forward-thinking solutions to help navigate today’s complex tariff landscape. Whether you have questions about tariffs, trade agreements, or would like to explore strategies to reduce their impact on your business operations, our team is here to help. Contact us today for a consultation at sales@allynintl.com, call 239-489-9900, or reach out here.

Contributor: Rebecca Anderson

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About Allyn International

Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North and South America, Europe and Asia. Allyn’s regional headquarters are strategically located in Fort Myers, Florida, U.S.A., Shanghai, P.R. China, Prague, Czech Republic, and Dubai, U.A.E. For more information, visit www.allynintl.com.