<h1>US extends reciprocal tariff suspension until August 1 amid ongoing trade negotiations with multiple countries</h1> The US extended suspension of reciprocal tariffs against multiple countries until August 1, providing relief to exporters and additional negotiation time. The administration sent tariff letters to various countries but excluded one nation currently in trade negotiations. The original April 2 reciprocal tariffs of 26 percent were initially paused for 90 days with a July 9 deadline. Export organizations view the extension as reflecting constructive engagement willingness, giving negotiators 12-13 additional working days to resolve contentious issues in interim trade deal discussions. The countries are working toward finalizing a bilateral trade agreement with a fall deadline for the first tranche.