Executive Order Issued Pushing Higher Reciprocal Tariff Rates to 12:01 a.m. Aug. 1
President Donald Trump issued an executive order late July 7 that said he is postponing the effective date of higher country-specific reciprocal tariff rates from July 9 to Aug. 1 "based on additional information and recommendations from various senior officials, including information on the status of discussions with trading partners."
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The executive order said that the suspension of 145% reciprocal tariff rates on China is unchanged.
"The Harmonized Tariff Schedule of the United States (HTSUS) shall be modified, effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on July 9, 2025, by suspending headings 9903.01.43 through 9903.01.62 and 9903.01.64 through 9903.01.76, and subdivisions (v)(xiii)(1)-(9) and (11)-(57) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS, until 12:01 a.m. eastern daylight time on August 1, 2025," the order says.