#TrumpTariffs US President Donald Trump has announced new tariffs on 14 countries, effective August 1, 2025. The tariffs range from 25% to 40% and are aimed at reducing America's trade deficit and promoting fair trade practices.

*Countries Affected by Tariffs:*

- *Highest Tariffs:*

- *Myanmar*: 40%

- *Laos*: 40%

- *Other Countries:*

- *Cambodia*: 36%

- *Thailand*: 36%

- *Bangladesh*: 35%

- *Serbia*: 35%

- *Indonesia*: 32%

- *South Africa*: 30%

- *Bosnia and Herzegovina*: 30%

- *Japan*: 25%

- *Kazakhstan*: 25%

- *Malaysia*: 25%

- *South Korea*: 25%

- *Tunisia*: 25%

*Rationale Behind Tariffs:*

The US claims these countries have unfair trade practices and significant trade deficits with the US. Trump warns that if these countries retaliate with tariffs, the US will match them dollar-for-dollar ¹ ².