#TrumpTariffs As of today, July 7, 2025, the Trump administration has begun sending out letters detailing new tariff rates, primarily set to take effect on August 1, 2025. While some deals have been made, many countries are facing increased duties.
Here's a list of the latest tariffs imposed or announced today:
* Japan: 25% tariff on all Japanese products.
* South Korea: 25% tariff on all South Korean products.
* Myanmar: 40% tariff.
* Laos: 40% tariff.
* South Africa: 30% tariff.
* Kazakhstan: 25% tariff.
* Malaysia: 25% tariff.
Additionally, President Trump has warned of an additional 10% tariff on any country aligning itself with the "anti-American policies" of the BRICS bloc (Brazil, Russia, India, China, and South Africa).
These new tariffs are a continuation of Trump's "reciprocal tariff" policy, where the U.S. aims to address perceived trade imbalances. While a baseline 10% tariff on most imports has been in place since April, these new rates significantly increase the duties for specific nations. Negotiations are ongoing, with a deadline of July 9 for countries to reach new trade agreements to avoid these higher tariffs.
