#TrumpTariffs

On July 7, 2025, President Donald Trump announced new tariffs on 14 countries, effective August 1, 2025, after extending a July 9 deadline. The tariffs range from 25% to 40%, with Myanmar and Laos facing the highest at 40%, Bangladesh and Serbia at 35%, Cambodia and Thailand at 36%, Indonesia at 32%, South Africa, Bosnia and Herzegovina at 30%, and Japan, South Korea, Malaysia, Kazakhstan, and Tunisia at 25%. Trump warned against retaliatory tariffs and urged countries to negotiate trade deals to avoid higher rates. The U.S. is close to finalizing a deal with India, though issues remain over dairy and agriculture. Global markets have shown a muted response, with some analysts suggesting Trump may soften his stance.