• Editor’s Pick
  • Investing
  • Economy
  • Stock
  • Politics
Income Researchers
EconomyEditor's Pick

Trump says his Aug 1 tariff deadline ‘will not be extended’ – here are the countries that might not make it

by July 30, 2025
July 30, 2025

President Donald Trump warned that his August 1 deadline for making a trade deal with the U.S. ‘stands strong’ on Wednesday, threatening several key nations with a big tariff hike.

‘The August first deadline is the August first deadline — it stands strong, and will not be extended. A big day for America!’ Trump wrote on Truth Social, using all-caps.

Here are the major countries that still need to negotiate deals with the U.S.

Canada

Trump sent a letter to Canadian Prime Minister Mark Carney threatening a 35% tariff if a deal isn’t struck, but negotiations appear to have stalled.

‘We haven’t really had a lot of luck with Canada. I think Canada could be one where they’ll just pay tariffs. It’s not really a negotiation,’ Trump said of the negotiations with our neighbor to the north on Friday.

Carney himself said on Monday that negotiations have reached an ‘intense phase.’

‘It’s a complex negotiation. You see with the various trade deals that have been agreed to by other jurisdictions — the European Union yesterday, Japan before that, Indonesia, United Kingdom — that there are many elements to these negotiations. We’re engaged in them. But the assurance for Canadian businesses, for Canadians, is we will only sign a deal that’s a good deal, the right deal for Canada,’ he told reporters Monday.

According to the US Trade Representative (USTR), Canada is America’s third-largest importer, totaling $412.7 billion in 2024. The U.S. exported $349.4 billion to Canada in the same year.

Mexico

Trump sent a similar letter to Mexican President Claudia Sheinbaum earlier this month, this one threatening a 30% tariff.

No deal has been struck as of Wednesday, however, and neither party has been vocal about where negotiations stand.

Mexico is America’s top source of imports, totaling $506 billion in 2024, according to the USTR. Meanwhile, the U.S. exported $334 billion to the country over the same year.

China

Treasury Secretary Scott Bessent negotiated with Chinese officials in Sweden this week and said Tuesday that the talks were ‘very constructive.’

He emphasized to reporters that no final agreement was made, however. Unlike most countries, China is facing an August 12 deadline rather than August 1, giving them somewhat more breathing room for negotiations.

‘Nothing is agreed until we speak with President Trump,’ Bessent told reporters.

Commerce Secretary Howard Lutnick told Fox News on Monday that the deadline for China could be extended even further than August 12, though that decision will be up to Trump.

South Korea

Trump warned South Korean President Lee Jae Myung in a July 7 letter that the country would face a 25% blanket tariff if a deal isn’t reached by August 1.

Lee’s office said late last week that it was preparing a proposal. Lutnick met with three top Korean officials in Washington this week, though no news has come out of the meeting.

Taiwan

Taiwan has yet to reach a trade deal with the Trump administration, but Taipei has a delegation in Washington hoping to reach one before August 1, Reuters reported Wednesday.

The self-governed island is facing a 32% tariff if it does not secure a deal.

‘All the relevant talks are still ongoing,’ one source familiar with the talks told Reuters, with another saying negotiators were still in the U.S.

‘We hope these negotiations will accomplish four objectives: safeguarding national interests, protecting industrial interests, ensuring public health, and securing food safety. These objectives serve dual purposes: promoting balanced bilateral trade between Taiwan and the U.S., and enhancing cooperation in diverse areas like technology and national security,’ Taiwan’s cabinet said in a statement.

India

Trump appears to have slammed the door shut early on India, announcing on Truth Social that the country will face a 25% tariff across the board beginning August 1.

‘Remember, while India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world, and they have the most strenuous and obnoxious non-monetary trade barriers of any country. Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of energy, along with China, at a time when everyone wants Russia to stop the killing in Ukraine — all things not good!’ Trump wrote.

‘India will therefore be paying a tariff of 25%, plus a penalty for the above, starting on August first. Thank you for your attention to this matter. MAGA!’ he added.

Brazil

Trump threatened a massive 50% blanket tariff on Brazilian goods in a letter to Brazilian President Luiz Inácio Lula da Silva earlier in July.

Trump credited the higher rate to Brazil’s prosecution of former President Jair Bolsonaro, who many compared to Trump himself. The U.S. president said Bolsonaro was the victim of a ‘witch hunt.’

Lula’s regime has requested that the U.S. exempt certain industries from the tariffs, but a deal before August 1 appears unlikely.

This post appeared first on FOX NEWS
previous post
Who is Steve Ricchetti, the longtime Biden confidante questioned in Comer’s cover-up probe?
next post
Crypto Market Update: Ethereum Turns 10 as Trump Eyes “Golden Age of Crypto”

Related Posts

European prime minister resigns after protests over past...

July 31, 2025

Ex-Biden advisor Mike Donilon sits down with House...

July 31, 2025

White House responds to ‘Rocket Man’ and North...

July 31, 2025

Apparent AI mistakes force two judges to retract...

July 31, 2025

Ex-Biden advisor Mike Donilon to sit down with...

July 31, 2025

Trump brushes back Russia’s Medvedev after ‘war’ warning:...

July 31, 2025

Let liberals lose their minds over Sydney Sweeney...

July 31, 2025

Trump ends de minimis exemption for global low-cost...

July 31, 2025

Inside Biden confidante Steve Ricchetti’s ‘combative’ eight-hour grilling...

July 31, 2025

Recall warns some Celsius energy drink cans accidentally...

July 31, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • European prime minister resigns after protests over past financial dealings

      July 31, 2025
    • Ex-Biden advisor Mike Donilon sits down with House investigators in autopen probe

      July 31, 2025
    • White House responds to ‘Rocket Man’ and North Korea’s threats over denuclearization

      July 31, 2025
    • Apparent AI mistakes force two judges to retract separate rulings

      July 31, 2025
    • Ex-Biden advisor Mike Donilon to sit down with House investigators in autopen probe

      July 31, 2025

    Archives

    • July 2025 (769)
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 incomeresearchers.com | All Rights Reserved

    Income Researchers
    • Editor’s Pick
    • Investing
    • Economy
    • Stock
    • Politics

    Read alsox

    New book reveals what top ex-Biden aide was...

    July 8, 2025

    Democrats seize on Epstein files drama with new...

    July 14, 2025

    Trump admin official to meet with Israel, Qatar...

    July 23, 2025