Deadline for Tariffs – Businessman Facing Alarm Clock Symbolizing Imminent Trade Deadline at Shipping Yard


After months of delays, President Trump's global tariffs are scheduled to go into effect on Friday, August 1. The discussion started in early April when Trump announced "reciprocal" tariffs for a number of countries, but then scaled back allowing time for countries to negotiate.

The Hill reports that the 90-day negotiation window closes at the end of July, at which point Trump insists he would not further extend the deadline. But, according to reports, the president would be open to continuing discussions even after the tariffs are in place.

For countries that have yet to secure a deal with the U.S., here are the tariff rates set to take effect on Aug. 1:
Canada: 35 percent
Mexico: 30 percent
South Korea: 25 percent
South Africa: 30 percent 
Kazakhstan: 25 percent 
Laos: 40 percent
Malaysia: 25 percent
Myanmar: 40 percent
Tunisia: 25 percent
Bosnia and Herzegovina: 30 percent
Bangladesh: 35 percent
Serbia: 35 percent
Cambodia: 36 percent
Thailand: 36 percent
Libya: 30 percent
Iraq: 30 percent
Algeria: 30 percent
Moldova: 25 percent
Brunei: 25 percent
Sri Lanka: 30 percent
Brazil: 50 percent 

The Hill reports the current tariff status for the United Kingdom, Philippines, Japan, European Union, and China in their full report.