Trump Announces New Tariff Rates for Dozens of Countries Before Aug. 1 Deadline

The president signed an executive order on Thursday that formalizes the new tariffs.

President Donald Trump speaks before signing executive orders in the Oval Office of the White House in Washington on March 6, 2025. Alex Wong/Getty Images

President Donald Trump on Thursday signed an executive order that formalizes new tariffs on dozens of nations, plus the 27-member European Union.

The reciprocal tariffs were announced in a July 31 executive order that will go into effect in seven days, on Aug. 7. The action comes just hours before the Aug. 1 deadline for U.S. trading partners to reach trade agreements.