Massive U.S. Tariff Increases Coming August 1st

GLC tariff update graphic showing an illuminated container terminal at night with cargo vessels, port cranes, and the headline “Tariff Deadline Moved to Aug. 1st.”

In a strategic and unilateral move, the U.S. government has extended its tariff pause from July 9 to August 1, 2025, and implemented new tariff rates for 14 countries, including key trade partners like Japan, South Korea, Malaysia, and Indonesia. On July 7, 2025, President Trump invoked the International Emergency Economic Powers Act (IEEPA), the National Emergencies Act, and the Trade Act of 1974, reaffirming a national emergency over … Read More