<p><!-- BEGIN THEIA POST SLIDER --></p>
<p> <br />
</p>
<div style="position:relative">
<p><span style="font-weight:400">The White House updated its tariff plan on Thursday evening hours before President Donald Trump’s deadline for new trade agreements was set to kick in.</span></p>
<p><span style="font-weight:400">The new </span><a href="https://www.whitehouse.gov/presidential-actions/2025/07/further-modifying-the-reciprocal-tariff-rates/" target="_blank" rel="noopener"><span style="font-weight:400">plan</span></a><span style="font-weight:400"> pushes the implementation of tariffs back a week from August 1 to August 7 to give Customs and Border Patrol officials time to adjust to the new levies leveled at dozens of countries. The new plan also reveals a host of tariff rates that are set to kick in.</span></p>
<p><span style="font-weight:400">The 10% universal tariff will remain the floor for tariff rates for trade with the United States. Only countries that have a trade deficit with the United States – meaning they import more from the United States than they export – will receive the 10% tariff rates. For countries that have a trade surplus with the United States, their goods will be tariffed at least at 15%, according to the White House plan.</span></p>
<p><span style="font-weight:400">Other countries that have struck new trade agreements with the United States will have various tariff rates based on the terms of the agreement.</span></p>
<p><span style="font-weight:400">More than a dozen countries will face a higher tariff rate than 15%, ranging from 19% to 41%.</span></p>
<p><span style="font-weight:400">“President Trump is using tariffs as a necessary and powerful tool to put America First after many years of unsustainable trade deficits that threaten our economy and national security,” the White House said in a statement, according to </span><a href="https://www.cnn.com/business/live-news/trade-deadline-tariffs-trump-deals#cmds0clsz0000356toc8am68m" target="_blank" rel="noopener"><span style="font-weight:400">CNN</span></a><span style="font-weight:400">.</span></p>
<p><span style="font-weight:400">A senior administration official briefing reporters on the details of the plan on Thursday evening said that “the president has essentially reordered global trade,” according to </span><a href="https://www.nytimes.com/live/2025/07/31/us/trump-news/8ca2d2ab-bb6b-5e71-b748-5ddfc556b984?smid=url-share" target="_blank" rel="noopener"><span style="font-weight:400">The New York Times</span></a><span style="font-weight:400">. The official added that Trump is accomplishing “the type of outcomes that the WTO and the multilateral trading system have failed to accomplish at scale over the last 25 years.”</span></p>
<p><span style="font-weight:400">Alongside its new tariff plan for international trade, the White House announced steeper tariffs on Canada. The Trump administration said in a statement that the United States would be “increasing the tariff on Canada from 25% to 35%, with the higher tariff set to go into effect on August 1, 2025.”</span></p>
<p><span style="font-weight:400">“Canada has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs, and it has retaliated against the United States for the President’s actions to address this unusual and extraordinary threat to the United States,” a White House fact sheet </span><a href="https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-amends-duties-to-address-the-flow-of-illicit-drugs-across-our-northern-border/" target="_blank" rel="noopener"><span style="font-weight:400">says</span></a><span style="font-weight:400">.</span></p>
<p><span style="font-weight:400">Ontario Premier Doug Ford hit back immediately at the White House announcement, urging Canada’s government to fight the tariff hike. </span><span style="font-weight:400">“Canada shouldn’t settle for anything less than the right deal. Now is not the time to roll over. We need to stand our ground,” Ford sa</span><span style="font-weight:400">id in a </span><a href="https://x.com/fordnation/status/1951059263943745566" target="_blank" rel="noopener"><span style="font-weight:400">post</span></a><span style="font-weight:400"> on social media.</span></p>
</div>
<p><br />
<br /><a href="https://www.dailywire.com/news/white-house-drops-new-tariff-plan-on-eve-of-trumps-trade-deadline">Source link </a></p>
<p><!-- END THEIA POST SLIDER --></p>

White House Drops New Tariff Plan On Eve Of Trump’s Trade Deadline
