Washington, D.C., July 08, 2025 – The Europe Today: U.S. President Donald Trump on Monday signed an executive order officially extending the deadline for implementing his proposed “reciprocal” trade tariffs from July 9 to August 1, as his administration continues to secure only limited progress in trade negotiations with key global partners, according to media reports.
The extension follows a series of public statements by the President and senior White House officials, who had signaled the likelihood of an August 1 deadline in recent days. The order paves the way for the possible imposition of what the administration has termed “liberation day” tariffs, aimed at addressing what Trump describes as unfair trade imbalances.
The White House has begun circulating letters outlining tariff measures against several major economies, including a proposed 25% levy on imports from South Korea and Japan. These moves come as part of a broader effort to rebalance U.S. trade relationships and exert pressure on international counterparts.
Speaking at a White House event on Monday, President Trump said he remains committed to defending U.S. trade interests but left some room for continued dialogue. “I’m firm, but not 100% certain,” he remarked, referring to the August 1 implementation date. “There’s always room for negotiation.”
Financial markets reacted cautiously to the announcement, with investors expressing concern over the potential economic fallout. Analysts warn that the tariffs could increase costs for American importers and consumers, adding pressure on inflation rates. The Federal Reserve has already issued warnings that the imposition of broad tariffs could fuel inflationary pressures and complicate the central bank’s monetary policy outlook.
As the new deadline approaches, attention will focus on whether the administration can achieve tangible progress in its ongoing trade discussions or whether the proposed tariffs will come into effect as scheduled.
