Trump delays tariff rollout amid progress on multiple trade agreements

Posted on July 9, 2025   |  

President Trump announced that the U.S. is close to finalizing several trade agreements, leading to a delay in the rollout of new tariffs.

The proposed tariff system, introduced under the “Liberation Day” plan, includes a 10% base rate and up to 50% reciprocal tariffs for countries with unfair trade practices.

If no deals are reached, the higher tariffs—ranging from 10% to 50%—will take effect on 1 August.

A separate 10% surcharge on imports from BRICS countries is under review, raising concerns of rising trade tensions.

Talks with major partners like India and the EU are ongoing, while smaller countries may soon face tariff hikes.

Thailand has proposed broader U.S. market access and major Boeing orders in hopes of avoiding the tariffs.

Recent U.S. trade deals with the UK and Vietnam offer tariff-free access to U.S. goods in exchange for limits on local exports.

The U.S.-UK deal includes reduced auto tariffs (from 27.5% to 10%) for up to 100,000 vehicles annually, and the removal of aerospace tariffs, while steel and aluminum duties remain at 25% pending further talks.