US EditionTrump Announces New Tariffs of up to 40% on a Growing Number of Countries | News Channel 3-12
- President Donald Trump announced new tariffs ranging from 25% to 40% on 14 countries, including Japan and South Korea, effective August 1, 2025.
- The tariffs respond to long-standing trade deficits and unfair trade barriers the US claims have harmed its economy, with negotiations ongoing before the deadline.
- Countries such as Myanmar and Laos face the highest rates at 40%, while others like Thailand and Cambodia receive 36%, and Bangladesh faces 35%, impacting major apparel hubs.
- Trump posted on Truth Social that any retaliatory tariff raises will be met with reciprocal increases, calling the letters a "wave... aimed at recalibrating US trade relationships."
- Stock markets reacted negatively, with US-listed shares in Japanese automakers dropping and domestic textile shares rallying, while affected countries warn they will monitor and respond to developments.
15 Articles
15 Articles
U.S. tariffs raise prices, hitting consumer wallets soon
AGAWAM, Mass. (WWLP) - At least 14 countries' imports are set to face steep blanket tariffs starting next month. It's expected to have some effect on consumers' wallets. Trump says US must send more weapons to Ukraine, days after ordering pause in deliveries The tariffs that were set to go into effect on July 9th have been delayed until next month for countries including Japan. This means consumers will have a little more time before seein…
40% on Myanmar, 35% on Bangladesh: After South Korea, Japan, Trump sets tariffs on 12 other countries
Trump Tariffs Today List: Myanmar, Lao People’s Democratic Republic, Cambodia, Thailand, Bangladesh, Republic of Serbia, Indonesia, South Africa, Bosnia, Herzegovina, Japan, South Korea, Malaysia, Kazakhstan
Trump announces up to 40pc tariffs on several nations
• July 9 deadline set to be postponed until next month: White House • Countries aligning with BRICS threatened with steeper tariffs WASHINGTON: President Donald Trump announced tariffs of 25 per cent on Japan and South Korea on Monday, stepping up pressure on the two key US allies and a dozen other economies to reach trade deals with Washington. Trump issued similar letters to Malaysia, Myanmar, Kazakhstan, South Africa and Laos, saying he would…
President Donald Trump announced a new round of import tariffs from 12 countries, with rates ranging from 25% to 40%, as part of his plan to boost the US manufacturing industry and correct long-term trade imbalances. The measure, which forms part of his vision of economic sovereignty, will enter into force on August 1, following the conclusion of the 90-day break previously decreed to facilitate bilateral negotiations.Read more]]>
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