August 1, 2025 — U.S. President Donald Trump issued an executive order on 31 July codifying a new swath of tariffs on dozens of countries.
The order comes as an 1 August deadline, set after Trump threatened increased tariffs before pausing their implementation days later, passes. The new order further modifies tariff rates and implements a range of different tariffs on 69 countries and the European Union as a whole.
July 31, 2025 — The administration of U.S. President Donald Trump has announced effective tariff rates on multiple countries and a 90-day pause on any new tariffs on Mexico as an 1 August deadline on higher rates rapidly approaches.
Trump announced early on 31 July on his social media platform Truth Social that, following a call with Mexican President Claudia Sheinbaum, the U.S.’s tariffs on the country will remain at 25 percent for the next 90 days. Trump said Mexico also agreed to terminate any non-tariff trade barriers, “of which there were many.”
July 31, 2025 — An appeals court may soon get in the way of President Trump’s trade agenda as his Aug. 1 deadline approaches to impose so-called ‘reciprocal’ duties on a host of countries.
One day ahead of that deadline, the U.S. Court of Appeals for the Federal Circuit will convene across the street from the White House to decide whether the bulk of Trump’s tariffs are legal.
Hanging in the balance at Thursday’s oral argument is whether Trump can use an emergency law to justify his sweeping reciprocal tariffs on countries globally and a series of specific levies on Canada, China and Mexico.
The Constitution vests Congress with the power to impose tariffs, so Trump can’t act unless lawmakers delegated him authority.
Trump points to the International Emergency Economic Powers Act (IEEPA), a 1977 law that authorizes the president to impose necessary economic sanctions during an emergency to combat an “unusual and extraordinary threat.” Trump is the first president to attempt to leverage IEEPA to impose tariffs
July 30, 2025 — U.S. President Donald Trump said India will be hit with a 25 percent tariff rate as of 1 August, the same date a range of other countries will also be hit by new tariffs if the deadline is not extended.
Trump first threatened to increase tariffs across almost every country in the world in early April before pausing them on most countries a few days later. At the time, India – the third-largest source of seafood imported to the U.S. by value – was being threatened with a 27 percent tariff.
July 28, 2025 — The administration of U.S. President Donald Trump announced it has reached a trade deal with the European Union, setting a base tariff rate of 15 percent on E.U. goods.
Trump announced the deal just days before a 1 August deadline that would have seen the E.U.’s effective tariff rate jump to 30 percent. It also came as media reported E.U. diplomats were considering using wide-ranging “anti-coercion” measures, often dubbed the “nuclear option,” as a means of discouraging the tariffs.
July 23, 2025 — U.S. President Donald Trump announced the country reached a trade deal with Japan on 22 July, granting the country a reprieve from the potential 25 percent tariffs he was threatening just weeks earlier.
Trump posted on his social media site Truth Social that Japan will now face a 15 percent “reciprocal” tariff in the U.S. and claimed Japan will invest USD 550 billion (EUR 469 billion) in the U.S., “which will receive 90 percent of the profits.” Trump later said that the country agreed to buy billions in military and other equipment.
July 22, 2025 — The administration of U.S. President Donald Trump is reportedly considering an extension on a trade deadline with China that would see higher tariffs on goods as of 12 August if a deal is not reached.
The U.S. and China both agreed to a 90-day pause on high tariffs in May after a series of escalations by the Trump administration ended up with tariffs as high as 145 percent on goods from China. China, in response, imposed tariffs of its own, reaching as high as 125 percent on U.S. goods.
July 21, 2025 — Indonesia’s seafood industry is grappling with uncertainty following a new reciprocal tariff announced by U.S. President Donald Trump – a move likely to accelerate the country’s ongoing efforts to diversify its export markets and reduce reliance on the U.S.
On 16 July, Trump announced that the U.S. will impose a 19-percent tariff on Indonesian goods starting 1 August, a reduction from the 32-percent rate initially floated on 2 April. The announcement – made via Trump’s social media platform Truth Social – was later confirmed by Indonesian President Prabowo Subianto.
July 18, 2025 — The U.S. Trade Representative (USTR) has launched Section 301 investigation against what it said are potentially unfair trade practices used by Brazil, just days after U.S. President Donald Trump threatened 50 percent tariffs on the country over claims it was treating former President Jair Bolsonaro unfairly.
According to a release from the USTR, the investigation will focus on a range of topics, including digital trade and electronic payment services; unfair, preferential tariffs; anti-corruption interference; intellectual property protection; ethanol market access; and illegal deforestation and whether those acts “are unreasonable or discriminatory and burden or restrict U.S. commerce.”
July 18, 2025 — The U.S. grocery industry and seafood suppliers continued to struggle with economic challenges, as Walmart is reportedly cutting hundreds of store-support corporate employees and Kroger consolidates its Texas operations.
U.S. grocery prices rose in June, and around 80 percent of retailers and grocery suppliers believe that trade policies and tariffs will continue to impact pricing and disrupt supply chains, according to FMI – The Food Industry Association’s new report, The Food Retailing Industry Speaks 2025. The report also found foodservice operators are similarly worried about higher food costs and tariffs.