President Donald Trump has extended the suspension of certain tariff rates through a new executive order. This extension remains in effect until 12:01 a.m. Eastern Daylight Time on August 1, 2025. The suspension specifically pertains to tariff measures involving the People’s Republic of China, originally established under Executive Order 14298, and will continue unchanged.
U.S. Customs and Border Protection (CBP) has issued guidance outlining the details of the extension and its implications for importers.
Meanwhile, international trade negotiations remain active. Preliminary agreements have been reached with the United Kingdom and Vietnam. However, official correspondence sent to other trading partners warns that absent substantial progress in trade discussions, tariff increases may take effect on August 1, 2025.