Trump Extends Reciprocal Tariff Deadline & Strikes New Deals
Posted On
July 24, 2025
On July 7, President Trump signed an executive order extending the deadline for reciprocal tariffs to August 1. New rates were assigned in official letters, including 36% for Thailand and Cambodia. More recently, trade deals have been struck with Japan (15%) and Indonesia (19%). Indonesian products that contain a significant amount of content from other countries, particularly China, will face a higher rate of 40%.
These reciprocal tariffs will not apply to the hardwood products awaiting the Section 232 National Security review, expected to be published any day now.
Read more: Extending the Modification of the Reciprocal Tariff Rates → | U.S. and Japan Reach Trade Deal → | How Does the Indonesia Trade Deal Measure Up? →