US President Donald Trump has intensified his trade offensive by imposing fresh tariffs on 14 countries, with the harshest rates—up to 40%—hitting Myanmar and Laos. Other nations facing steep duties include Thailand and Cambodia (36%), Bangladesh and Serbia (35%), Indonesia (32%), South Africa and Bosnia (30%), and several others. Notably, long-standing US allies Japan and South Korea are also affected, each facing a 25% tariff beginning August 1.
Trump said the new tariffs aim to secure fairer trade deals and boost US exports. He warned that any retaliatory measures would be met with a matching response, reinforcing his administration’s hardline stance on trade negotiations.
Despite the strong language, Trump left room for manoeuvre, calling the August 1 implementation date “not 100 percent firm.” He signalled that countries willing to make additional concessions or offer greater market access could see tariffs reduced or avoided altogether. According to the president, new agreements have already been reached with the UK, China, and Vietnam, while talks with India are nearing a conclusion.
Trump clarified that the newly announced tariffs will not be combined with existing sector-specific duties. For instance, the 25% tariff on Japanese automobiles will remain as is and will not be stacked on top of the general import duties.
Global markets react, affected nations seek talks
The announcement sent ripples through global markets and triggered urgent diplomatic efforts among the affected countries. US officials confirmed that the negotiating window has been extended from July 9 to August 1, offering additional time to reach bilateral deals and avert the steep levies.
Trump’s latest move underscores his strategy of using tariffs as both a pressure tool and bargaining chip, keeping global trade partners uncertain as the deadline looms.
Laos- 40 per cent tariffs
Myanmar- 40 per cent tariffs
Thailand- 36 per cent tariffs
Cambodia - 36 per cent tariffs
Bangladesh - 35 per cent tariffs
Serbia - 35 per cent tariffs
Indonesia - 32 per cent tariffs
South Africa- 30 per cent tariffs
Bosnia and Herzegovina- 30 per cent tariffs
Malaysia- 25 per cent tariffs
Tunisia- 25 per cent tariffs
Japan- 25 per cent tariffs
South Korea- 25 per cent tariffs
Kazakhstan- 25 per cent tariffs