2025-12962Presidential DocumentWallet

President Extends 10% Tariffs on Key Trading Partners Beyond 2025

Published Date: 7/10/2025

Presidential Document

Summary

The President is extending special tariff rules that help protect U.S. businesses from unfair trade practices causing big trade deficits. This means certain countries will keep paying extra import taxes, but some get a break if they play fair. The current temporary tariff changes that started in April will continue past July 9, 2025, keeping the trade balance in check and supporting the U.S. economy.

Analyzed Economic Effects

3 provisions identified: 0 benefits, 2 costs, 1 mixed.

Temporary 10% Import Duty Extended

If you import goods from the trading partners covered by the order (other than the PRC), an additional 10 percent ad valorem duty that was applied under the April 9, 2025 action remains in effect through August 1, 2025. The temporary arrangement that began April 9, 2025 is extended so the 10% additional duty continues for entries on or after July 9, 2025 until 12:01 a.m. eastern daylight time on August 1, 2025.

HTSUS Headings Suspended July 9–Aug 1

The Harmonized Tariff Schedule of the United States (HTSUS) is modified for entries on or after 12:01 a.m. eastern daylight time on July 9, 2025 by suspending headings 9903.01.43 through 9903.01.62 and 9903.01.64 through 9903.01.76, and certain subdivisions of U.S. note 2 to subchapter III of chapter 99, until 12:01 a.m. eastern daylight time on August 1, 2025. This HTSUS change implements the temporary tariff treatment for the covered goods during that period.

China Tariff Suspension Remains Unchanged

The order states that the separate tariff suspension for the People's Republic of China established by Executive Order 14298 of May 12, 2025 remains in effect and is not altered by this extension. In other words, the PRC-specific tariff treatment continues unchanged as of July 7, 2025.

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Key Dates

Effective Date
Published Date
7/9/2025
7/10/2025

Department and Agencies

Department
Independent Agency
Agency
Executive Office of the President
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