TRUMP ROLLS OUT RECIPROCAL TARIFFS FOR JAPAN, SOUTH KOREA, OTHERS | SUPPLY CHAIN DIVE

Tzr: The U.S. detailed the rates it will impose on imports from certain countries starting Aug. 1 in mostly identical letters shared by the president.

President Donald Trump began unveiling the tariff rates the U.S. will charge imports from certain countries following the expiration of a 90-day pause on country-specific levies.

Trump outlined the rates in mostly identical letters to heads of countries such as Japan, South Korea and South Africa he shared on Truth Social on July 7. The president shared additional letters in the days that followed, setting rates for countries such as Canada and Mexico. The rates range from 20% to 50%.

The new tariffs, some of which differ from the original levies set as part of his reciprocal tariff announcement in April, will go into effect Aug. 1. Trump and Treasury Secretary Scott Bessent indicated a similar timeframe would be enforced in comments made ahead of July 7.

Trump also said that the U.S. would match any retaliatory tariffs, with any hikes made in addition to the rate detailed in the letter to each country. The president further suggested that the tariffs could be lowered if countries provide greater market access to the U.S. and/or rescind certain tariffs and other trade policies.

“These Tariffs may be modified, upward or downward, depending on our relationship with your Country,” Trump said in each letter.

On July 7, Trump also signed an executive order extending a 90-day pause of country-specific reciprocal tariffs that was set to expire July 9. Implementation of the levies will now be deferred to Aug. 1, per the order. The new timeline does not impact tariffs on China, which will remain reduced until mid-August per a separate agreement reached in May.

In the leadup to the pause’s end, Trump has said he has made deals related to tariffs and other trade activities with three countries, specifically China, the U.K. and Vietnam.

However, while specific provisions of the U.K. deal have been signed, the China pact still requires approval from both countries, while Vietnam has yet to confirm its own agreement with the U.S.

Editor’s note: This story was updated with details from an executive order Trump signed July 7 and additional letters posted after July 7.

Philip Neuffer, Edwin Lopez