U.S. President Donald Trump gestures earlier boarding Air Force One arsenic helium returns to Washington, D.C., successful Lossiemouth, Scotland, Britain, July 29, 2025.
Evelyn Hockstein | Reuters
President Donald Trump said that helium volition not widen Friday's deadline for his "reciprocal" tariffs connected dozens of countries to restart.
"THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!" Trump wrote connected Truth Social connected Wednesday morning.
Trump rapidly fired disconnected different station announcing that the U.S. volition enforce a 25% tariff connected goods from India, positive a "penalty" for buying subject cogwheel and vigor from Russia.
Trump has antecedently claimed that helium would not widen a deadline connected his reciprocal tariffs, earlier going connected to bash conscionable that.
In aboriginal April, Trump announced that the U.S. would enforce a 10% broad tariff complaint astir worldwide, on with higher individualized duties of up to 50% for dozens of countries.
After days of panic and disorder from investors and satellite leaders, Trump paused the higher tariff rates for 90 days, which would person seen them restart connected July 9.
Trump said helium had no plans to extend that deadline — but 2 days earlier it arrived, helium signed an executive order delaying the day to Aug. 1.
In the weeks earlier the caller tariff commencement date, Trump issued letters to much than 2 twelve satellite leaders mounting caller import taxation rates that their countries' exports to the U.S. would look opening successful August.
Most of those caller tariff rates were adjacent to the April 2 levels that Trump had initially arrived astatine by utilizing a formula that economists had criticized.
But immoderate were overmuch higher. Brazil, for instance, went from facing a 10% tariff to bracing for a 50% duty, according to Trump's letter, which complained astir the country's attraction of its erstwhile president Jair Bolsonaro.
Trump said successful abstracted letters that helium volition acceptable a caller 35% tariff complaint connected goods from Canada and a 30% levy connected Mexican imports.
On Monday, Trump suggested that helium volition raise his planetary baseline tariff rate to astir 15% oregon 20%.
The Trump medication has simultaneously suggested that the caller tariffs volition assistance the U.S. by providing leverage successful commercialized negotiations and bringing successful gross from overseas countries — adjacent though tariffs are paid by the importers.
Treasury Secretary Scott Bessent said Tuesday that the caller tariffs are contingent upon the presumption of commercialized talks with the U.S.
"I would deliberation that it's not the extremity of the satellite if these snapback tariffs are connected for anyplace from a fewer days to a fewer weeks, arsenic agelong arsenic the countries are moving guardant and trying to negociate successful bully faith," Bessent said.
Some, including Japan and the European Union, person negotiated little U.S. tariff rates up of Friday's deadline arsenic portion of preliminary commercialized agreements with Trump.
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