#TrumpTariffs
In July 2025, the American President Donald Trump announced a new round of tariffs on imports from 14 countries, in a move he described as aimed at "restoring American economic sovereignty" and addressing the growing trade deficit⁽¹⁾.
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*📜 What are the new tariffs?*
Starting from *August 1, 2025*, tariffs ranging from *25% to 40%* will be imposed on imports from the following countries:
CountryNew Tariff RateJapan, South Korea, Malaysia, Kazakhstan, Tunisia25%South Africa, Bosnia and Herzegovina30%Indonesia32%Bangladesh, Serbia35%Cambodia, Thailand36%Laos, Myanmar40%> These tariffs are described as "reciprocal" according to the White House, meaning they reflect the trade barriers imposed by these countries on American exports⁽¹⁾⁽²⁾.
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*🕊️ Why now?*
- Trump described April 2, 2025, as "Liberation Day," when he first announced the tariffs.
- After negative reactions in the markets, implementation was suspended for 90 days, then the deadline was extended until August 1⁽³⁾.
- Trump stated: "There will be no further extensions. Everything will take effect on August 1"⁽³⁾.