The 25 percent fee will go into effect on August 1st, which is when the Trump administration will also impose sweeping tariffs on countries that don’t reach US trade deals.

The tariffs, set to take effect August 1 unless new deals are reached, threaten to raise prices on everyday goods for millions of Americans.

In a separate executive order, Trump also extended the pause on tariffs against several other nations to August 1.

Donald Trump announced new tariffs on 14 countries, including Japan and South Korea, while stating the US is close to finalizing a trade deal with India. According to earlier reports, the countries could have reached some tangible outcomes before July 9.