US Edition
Trump postpones tariffs to 1 August in yet another policy turnaround
Summary by Trade Finance Global
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Trump postpones tariffs to 1 August in yet another policy turnaround
The Liberation Day tariffs, an extensive tariff regime that would have seen the US impose levies as high as 40% on imports from a range of countries, including China and the UK, were set to go into effect today, after a 90-day break announced in April. Instead, US President Donald Trump announced on Monday, 7 July, that the tariffs wouldn’t go into effect until 1 August, with a possibility of further extensions to accommodate potential new trad…
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