Trump releases tariff letters: 7 countries facing up to 40% duties from August 1
Donald Trump's administration has released letters to trading partners, announcing reciprocal tariffs effective August 1, 2025. Tariffs of 25% will be imposed on Japan, South Korea, Kazakhstan, and Malaysia, while Myanmar and Laos face 40%, and South Africa 30%.
Donald Trump's administration has released letters to trading partners, announcing reciprocal tariffs effective August 1, 2025. Tariffs of 25% will be imposed on Japan, South Korea, Kazakhstan, and Malaysia, while Myanmar and Laos face 40%, and South Africa 30%.
