United States President Donald Trump has introduced tariffs for 14 nations, together with Japan and South Korea. He shared the letters despatched by his administration to the international locations, informing them of the reciprocal tariffs that may take impact from August 1, 2025. This additionally comes following his announcement that a further 10 % tariff will likely be imposed on nations that “align themselves with the anti-American insurance policies of BRICS”.
Earlier than asserting tariffs on 12 international locations, Trump, on his Reality Social deal with, shared the letters despatched to Japan’s Prime Minister Shigeru Ishiba and South Korea’s President Lee Jae-myung.
Later, the US President additionally shared comparable letters that have been despatched to Bangladesh, Myanmar, Malaysia, Kazakhstan, and Laos.
Trump’s Tariff Listing
The letters despatched to varied world authorities talked about the tariffs that will be imposed on the respective nations.
1- Thailand and Cambodia every will face a tariff of 36 %.
2- 25 % tariffs will likely be imposed on Malaysia and Kazakhstan.
3- Myanmar and Laos should pay a 40 % tariff on their items exported to America.
4- Indonesia will face a tariff charge of 32 %.
5- Imports from South Africa, Bosnia and Herzegovina will likely be topic to 30 per cent tariffs.
6- Based on the letters, Tunisia will face a tariff of 25 %.
7- Lastly, Bangladesh and Serbia will every be hit with a tariff of 35 %.
South Korea, Japan
As per the letters addressed to the South Korean President and the Japanese Prime Minister, Trump clarified that Japan and South Korea would face a 25 % tariff from August 1.
As well as, the US President, within the letters, additionally threatened to extend the tariff charge by the identical quantity if the international locations determined to lift their tariffs on imported American merchandise. Nonetheless, Trump has indicated his willingness to scale back the tariffs if these international locations revise their commerce insurance policies.
Trump’s Tariff Plan
Earlier, White Home Press Secretary Karoline Leavitt, whereas addressing a press briefing on Monday (native time), introduced that Trump will signal an govt order delaying his July 9 tariff deadline to August 1. Based on ANI, she recalled how she had introduced that the US President was going to create tailored commerce plans for every nation and added that the Trump administration desires to have the perfect offers for the American folks.
(with ANI inputs)