US President Donald Trump reiterated that countries that will be hit by so -called “reciprocal” duties will begin to pay from August 1, 2025, without any possibility of extension.

The US president had postponed the imposition of high duties on commercial partners from July 9th on August 1st.

“There is no change in this date and there will be no. All amounts will be payable from August 1, 2025 – no extensions will be given »Trump wrote in a post on Truth Social.

The whole translation of the Trump post

“According to letters sent to various countries yesterday, as well as the letters that will be sent today, tomorrow and for another short time, the woods will begin to be paid on August 1, 2025. There has been no change on this date and will not exist. In other words, all the amounts will be payable from August 1, 2025 – no extensions will be given. Thanks for your attention to the subject! “

It is recalled that US President Donald Trump had yet given an extension, until August 1 to impose his high duties, while sending letters to 14 countries, including Japan and South Korea, in which he describes in detail the taxes they face.

The deadline for the imposition of duties expired on June 9 and had been given to reach countries’ trade agreements with the US, but the US president also gives another room, while at the same time threatening to imposes duties of 25% in products from Japan and South Korea.

The extension is no surprise, as trade agreements often take years to finalize, explains economist Adam Ahmad Samdin of Oxford Economics.

‘Such agreements are usually extremely detailed’, He said, adding that although Vietnam became only the second country after the United Kingdom with an agreement with the US, it was more of a “wide framework” that accelerates talks, rather than for a detailed agreement.

Also on Monday, Trump sent letters to leaders of 14 countries On social media, informing them of his latest duties, and added that the rates could be modified “Up or down, depending on our relationship with your country.”

Most of the tariff rates described by Trump were similar to those who described in April.

And his attitude suggests that he would be open to further commercial conversationssaid Strategic Investor Vassou Menon of OCBC Bank.

“What Trump again has a negotiating tactic, instead of making serious duty threats, give hope to investors,” Menon pointed out.

Trump argues that the introduction of duties will protect US businesses from foreign competition and will also enhance domestic production and jobs. However, economists say that taxes will raise prices in the US and will reduce trade. In fact, the three main shares in the US fell on Monday, with its shares Toyota that are listed in the US, to retreat by 4%.

Duties up to 40%

Japan sent more than $ 148 billion to the US last year, making it the fifth largest importer in America, after the European Union, Mexico, China and Canada, according to US commercial data. South Korea was also in the top ten.

In addition to South Korea and Japan, Trump presented Monday plans For 40% duties In products from Myanmar and Laos, duties 36% in goods from Thailand and Cambodia, 35% in goods from Serbia and Bangladesh, 32% in Indonesia30% to goods from South Africa and 25% in goods from Malaysia and Tunisia.

THE Prime minister said that his government would continue the conversations with the US to reach an agreement that will benefit both countries.
“It is deeply sad that the US government has announced a further increase in duties, in addition to the rates already imposed,” He also stressed.

Respectively, the South Korea said he plans to use the extension of the deadline to It also intensifies talks with the USand the Minister of Finance Thai said he is sure that his country will be able to end up in agreement to obtain a tariff rate similar to that imposed on other countries.

White House spokesman Carolin Levitt said other letters could follow in the coming days.

She also denied that suspension of duties can reduce the power of Trump’s threats. “The President’s phone, I can tell you, it is constantly beating from world leaders who they begging him to come to an agreement‘commented Levit.

Busy Bessed

At the same time, US Finance Minister Scott Bessed He said he would have a lot of work in the coming days. “Many people have changed its attitude towards negotiations. So my mailbox was full of last night with Many new offers, many new suggestions‘, told CNBC.

So far, the US has entered into agreements with the United Kingdom and Vietnamas well as a partial agreement with China. In all three of these cases, duties are higher than the levels that were before Trump’s return to the White House, while key issues remain unresolved.

The US also stated that an agreement with India is near.

OR EU is also in talks with USwith reports showing that bloc officials did not expect a letter to duties.

EU spokesman also said that European Commission President Ursula von der Laien had a “Good exchange of views » With Trump.

It is recalled that just a few weeks ago, the US president had threatened the EU with 50% tax if they did not agree, While last week, Trump said Japan could face a “30% or 35%” duty if the country does not reach an agreement with the US by Wednesday.