Trump threatens new tariffs on key partners

President Donald Trump threatens 14 nations, including key U.S. allies Japan and South Korea, to impose sharply higher tariffs from a new deadline of August 1 unless they make concessions on trade

Japan
South Korea
Thailand
Malaysia
Indonesia
South Africa
Cambodia
Bangladesh
Kazakhstan
Tunisia
Serbia
Laos
Myanmar
Bosnia & Herz.


Tariff rates announced
Apr 2
Jul 7
25%
25%
36%
25%
32%
30%
36%
35%
25%
25%
35%
40%
40%
30%

24%
25%
36%
24%
32%
30%
49%
37%
27%
28%
37%
48%
44%
35%

Value of all imports, 2024

148.4bn
131.6bn
63.3bn
52.5bn
28.1bn
14.7bn
12.6bn
8.4bn
2.3bn
1.1bn
814.2m
802.8m
652.4m
178.9m

White House press secretary Karoline Leavitt holds up copy of letter sent by President Trump to South Korea about tariffs

New tariffs are roughly on par with those Trump unveiled during his “Liberation Day”
 on April 2, which were paused until July 9,
 steadying markets

Sources: Bloomberg, Reuters, U.S. Census Bureau
Picture: Newscom
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