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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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On July 7, 2025, based on &ldquo;additional information and recommendation from various senior officials&rdquo;, President Donald Trump issued an <a href="https://www.whitehouse.gov/presidential-actions/2025/07/extending-the-modification-of-the-reciprocal-tariff-rates/" target="_blank" rel="noreferrer noopener">Executive Order</a> determining that it is &ldquo;necessary and appropriate&rdquo; to again extend the suspension on reciprocal tariffs originally implemented by an earlier Executive Order on April 2, 2025. The proposed reciprocal tariffs will be suspended until 12:01 a.m. EDT on August 1, 2025.
In his original April 2, 2025 Executive Order, President Trump announced baseline tariffs of 10% for all countries starting April 5, 2025, and, as applicable, additional duty rates increasing up to 50% starting April 9, 2025, on specific countries with which the United States has the largest trade-in-goods deficits or that impose non-tariff barriers on U.S. goods.&nbsp;See Thompson Hine Update of <a href="https://www.thompsonhinesmartrade.com/2025/04/trump-announces-reciprocal-tariffs-on-over-60-countries/">April 3, 2025</a>.&nbsp;Shortly thereafter, however, the president announced he was pausing until July 9, 2025, the country-specific reciprocal tariffs and, instead, leaving in place for 90 days&nbsp;the baseline 10% tariffs (with the exception of certain tariffs on China that remain in place) to allow for negotiations and efforts to achieve agreements with other countries.&nbsp;See Thompson Hine Update of <a href="https://www.thompsonhinesmartrade.com/2025/04/president-trump-pauses-country-specific-reciprocal-tariffs-for-90-days-but-increases-tariffs-on-china/">April 10. 2025</a>.
While negotiations with other countries continue, President Trump sent letters to certain trade partner countries &mdash; Indonesia, Japan, Malaysia, South Korea, Thailand, and others &mdash; informing each of the reciprocal tariff rate that will be applied on August 1, 2025.&nbsp;These reciprocal tariffs appear to range from 25% to 40%, with the possibility of lower rates if acceptable agreements are reached, or of further increases if there is no agreement or the other country raises its tariff rates. In addition, in a social media post, President Trump separately threatened to place an additional 10% tariff on &ldquo;any country aligning themselves with the anti-American policies of BRICS [Brazil, Russia, India, China, South Africa and six other countries].&rdquo;

President Trump Extends the Deadline for Implementing Reciprocal Tariffs

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