#TrumpTariffs President Trump has announced fresh reciprocal tariffs targeting 14 countries—Japan, South Korea, Malaysia, Bangladesh, Indonesia, and others—ranging from 25% to 40%, to be imposed on August 1, 2025, following the “Liberation Day” tariff package first introduced in April . Concurrently, a 50% tariff on copper imports was unveiled, alongside investigations into potential 200% pharmaceutical duties with an 18-month wind‑down . The policy shift caused U.S. stock indices to dip amid growing uncertainty and prompted swift diplomatic activity from Asian allies . The administration says these measures pressure trading partners to strike fairer deals or relocate production to the U.S., while critics warn they may destabilize global markets .