Trump will sign executive orders to impose higher tariffs on countries that have not reached trade agreements by the Friday deadline

President Donald Trump is expected to sign an executive order tomorrow that will impose reciprocal tariffs on a range of countries. This move comes as a federal appeals court heard arguments in a case challenging whether the president exceeded his legal authority in imposing many of his wide-ranging tariffs.

In trade developments, the United States and Mexico reached an agreement today to extend the current 25% tariffs on certain Mexican imports for another 90 days. This delays the implementation of a higher 30% tariff that had been previously threatened. Yesterday, Trump announced a new trade agreement with South Korea that includes a 15% tariff on South Korean imports to the U.S. On the same day, he signed an executive order raising tariffs on Brazilian goods by an additional 40%, bringing Brazil’s total tariff rate to 50%. Earlier this week, Trump revealed a long-anticipated trade agreement with Japan. However, key trading partners such as Canada and Taiwan have not yet finalized deals with the United States.

White House officials say Trump feels increasingly confident in enforcing his Friday tariff deadline following a series of recent trade agreements. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are expected to brief the president today on the status of negotiations with Chinese officials, which occurred earlier this week. Their aim is to secure an extension of the current pause on elevated tariffs beyond the August 12 deadline.

For countries that have not reached an agreement, White House Press Secretary Karoline Leavitt said the administration would soon send formal communications outlining next steps. However, it remains uncertain what tariff rates those countries may face.

Meanwhile, judges from the U.S. Court of Appeals for the Federal Circuit voiced skepticism over Trump’s use of emergency powers to impose tariffs, particularly through the International Emergency Economic Powers Act, which enabled him to bypass Congress. Despite concerns over tariff-related price increases, consumer spending rose 0.3% in June from the previous month, according to the Commerce Department.