President Trump has announced a new round of steep tariffs on 14 countries beginning August 1, 2025. He sent signed form letters to the leaders of the 14 countries with these tariff rates: 40% on imports from Laos and Myanmar; 36% for Cambodia and Thailand; 35% for Bangladesh and Serbia; 32% for Indonesia; 30% for South Africa and Bosnia; and 25% for Japan, South Korea, Malaysia, Kazakhstan and Tunisia. Copies of the letters are posted on Trump’s social media account. Trump stated that the United States could “perhaps” revise the tariff level “depending on our relationship with your country.” These new tariff rates are generally close to those Trump announced on April 2.
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