On July 4, 2025, President Donald Trump reinstated tariffs of up to 70% on imports from multiple countries, creating ripples in the global market. This action, taken ahead of the July 9 deadline, is a response to the absence of finalized trade agreements. The move is expected to affect international trade significantly.
The White House is notifying countries about the tariffs, with approximately 100 nations potentially facing 10% reciprocal tariffs. The administration had previously paused these tariffs for 90 days to allow for negotiations. However, only deals with the United Kingdom and China have been finalized. Chinese goods are currently subject to 30% tariffs.
Discussions with Japan have stalled, while a framework deal with the European Union is reportedly close to completion. Critics are concerned about the economic uncertainty this creates for American businesses. This information is based on reports from July 4, 2025.