#TrumpTariffs

President Trump has sent letters to 14 countries — including key allies Japan and South Korea — warning that 25% tariffs will take effect from August 1 unless new trade deals are finalized by then . The threatened levy spans from 25% up to 40%, with the highest rates targeting Laos and Myanmar (40%), Cambodia and Thailand (36%), and Bangladesh/Serbia (35%) .

Trump has pushed back the previous July 9 deadline to August 1, signaling openness to adjust tariffs if favorable deals emerge . He emphasized a “reciprocal” framework: if trade partners retaliate, their tariff hikes will be met with equal U.S. responses .

Markets responded negatively: U.S. stocks slid, Japan’s Nikkei fell about 0.6%, and currencies were pressured .

In parallel, the U.S.–China pact preserves a 55% tariff, but the focus now has shifted to broader global negotiations