Tariffs: A Executive Order has pushed the start date for the country-specific reciprocal tariffs to August 7^th – slightly later than the previously expected August 1^st. The change gives impacted countries additional time to prepare or advance trade talks. According to Freightwaves, the U.S. and Mexico have already secured a 90-day extension as they work toward a broader agreement.

Currently, the Administration has made deals with the United Kingdom, Vietnam, Indonesia, the Philippines, Japan, a framework deal with China, and most recently a framework agreement with the European Union.  Tariffs that are expected for countries who have yet to make a trade deal include a 50% tariff on Brazil, 35% on Canada, and a 25% tariff on South Korea – ABC News and CNBC report.

The Trump Administration has talked about rolling out industry-specific tariffs to complement the existing country-by-country measures. Supply Chain Dive reports that a 93.5% tariff on graphite imports from China is in the works, final determinations expected by early December. Similar investigations have been launched into semiconductors and pharmaceuticals, though details – including potential implementation timelines, remain limited.