#TrumpTariffs
Key Updates on Trump’s Tariffs (as of July 8, 2025)
Delay in Implementation
Reciprocal tariffs, originally set for July 9, have been postponed to August 1, 202519.
This provides an additional three weeks for negotiations with affected countries1.
Revised Tariff Rates
Japan & South Korea: New 25% tariffs (up from 24% for Japan)14.
Cambodia: Reduced from 49% to 36%1.
Myanmar & Laos: 40% tariffs49.
South Africa: 30%, Kazakhstan: 25%4.
China: Existing 55% tariffs remain, with potential further adjustments4.
Exemptions & Ongoing Negotiations
India, EU, Taiwan: Excluded from this round, suggesting ongoing talks19.
India may secure a mini-trade deal to avoid the 26% reciprocal tariff9.
Market Reactions
Equities: Dow Jones fell 0.9%, Nasdaq dropped 0.8%1.
Currencies: South African Rand (-1.95%), Japanese Yen (-1.2%), Korean Won (-1.0%) weakened1.
Compared to past tariff announcements, reactions were milder, indicating market adaptation1.
Strategic Shifts
Trump is using unilateral tariff letters (posted on Truth Social) instead of formal agreements, pressuring nations to negotiate49.
Sectoral tariffs on autos, semiconductors, and pharmaceuticals are under consideration1.
For further details, refer to the full articles:
IG News on Tariff Delays1
The Hindu on Japan/South Korea Tariffs4
Moneycontrol on India’s Trade Deal9