Trump Confirms Tariffs Will Take Effect August 1, No Extensions to Be Granted

Former U.S. President Donald Trump has confirmed that new tariffs on foreign imports will come into effect starting August 1, 2025, and emphasized that no extensions will be allowed.

The announcement follows a wave of official letters sent by Trump to the governments of 14 countries, warning them that their exports to the U.S. would face fresh tariff rates from August 1. Countries receiving these letters include Japan, South Korea, Bangladesh, Myanmar, and Thailand, with each notified of specific duties to be imposed.

Trump made the declaration in a post on his social media platform Truth Social, stating:

“As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting August 1, 2025 — no extensions will be granted.”

The tariff measures follow the end of a 90-day pause on reciprocal duties that was originally set to expire on July 9. Trump’s move signals a return to his hardline trade policy, aimed at reducing what he has long described as “unfair trade practices” by U.S. partners.

India-US Trade Deal Nearing Completion

In a separate development, Trump said the United States and India are close to finalizing a trade agreement.

“We’re close to making a deal with India,” Trump said during a meeting with Israeli Prime Minister Benjamin Netanyahu, noting recent progress in talks with the UK and China as well.

A negotiating team led by India’s Special Secretary Rajesh Agrawal concluded high-level discussions in Washington last week with the Office of the U.S. Trade Representative.

According to Mark Linscott, former Assistant U.S. Trade Representative for South and Central Asia, the two sides are close to announcing an agreement in principle.

“I think they basically sewed up what is likely to be an agreement in principle — not a legally binding agreement — in which both sides highlight what has been agreed so far,” Linscott told Hindustan Times.

The finalized tariff plan and potential U.S.-India deal are expected to significantly shape the global trade landscape in the months ahead.