According to Lianhe Zaobao, US President Trump said on Sunday (July 6) that the United States is close to finalizing several trade agreements and will notify other countries of higher tariff rates by July 9, which will take effect on August 1. This means that countries have three more weeks to negotiate trade with the United States. Reuters reported that Trump and other senior officials had previously mentioned the date of August 1, but it was unclear whether tariffs in all countries and regions would begin to increase on August 1. Countries need to make concessions to obtain lower tariff rates. When asked to clarify the effective date of the high tariffs, US Commerce Secretary Lutnick told reporters that higher tariffs will take effect on August 1, but Trump "is setting tariff rates and finalizing agreements with countries."

(The"China-US Geneva Economic and Trade Talks Joint Statement" took effect on May 14, and the 90-day suspension period is expected to end on August 12, 2025. The specific time is subject to official notification)

US Treasury Secretary Bessant said on Sunday that the United States will reach multiple trade agreements before July 9, and he expects to make several major announcements in the coming days.

Trump announced in early April that he would impose a 10% base tariff on trading partners and additional tariffs on most countries, some of which could be as high as 50%. But in addition to the 10% base tariff, all additional tariffs on trading partners will be suspended for 90 days until July 9.

The Trump administration's global tariff policy has entered the final sprint and implementation stage. The core nodes are clear: Before July 9: The United States will issue final tariff rate notifications to trading partners (partial agreements or exemption results will be announced simultaneously). August 1: Higher tariff rates will officially take effect (except for those who have reached agreements and have been exempted). Key bargaining period: The next three weeks (July 6-July 26) are the last negotiation window for countries to strive for lower tariffs or exemptions, but the official date of the new tariffs between China and the United States has not been mentioned. Previously, the "China-US Geneva Economic and Trade Talks Joint Statement" took effect on May 14, and the 90-day suspension period is expected to end on August 12, 2025. It is necessary to pay close attention to the connection between the two and the specific implementation of China's policies. The next three weeks are a critical period for determining the cost structure of global trade. Hanyue International's full network coordination and full solution escort help you make accurate decisions in the changing situation, maximize the avoidance of cost losses and operational risks, and defend the competitiveness of the supply chain.