U.S. and EU delay tariffs until Aug. 1

U.S. President Donald Trump has announced that tariffs outlined in Executive Order 14266 are on pause until Aug. 1, 2025, which were initially set to take effect July 9. This pause does not apply to those outlined in Executive Order 14298, Modifying Reciprocal Tariff Rates To Reflect Discussions With the People’s Republic of China.

President Trump has also announced plans to implement reciprocal tariffs for Canada, Mexico and the European Union (EU), beginning Aug. 1. These include a 30% tariff for the EU and Mexico, and a 35% tariff for Canada. Qualified products under the U.S.-Mexico-Canada Agreement would remain exempt.

In response, European Commission President Ursula von Leyen announced that the EU would suspend its retaliatory 30% tariff on American products, which was set to take effect in July, until Aug. 1.