Trump announces new tariffs of up to 40% on a growing number of countries

[muriel_volestrangler]

Source: Yahoo/CNN

President Donald Trump cranked up the pressure Monday on America’s trading partners, firing off letters to heads of several countries, informing them of their new tariff rate. But at the same time, Trump took some of the edge off by signing an executive action Monday to extend the date for all “reciprocal” tariffs, with the exception of China, to August 1.

Those “reciprocal” tariffs were expected to go into effect Wednesday. In some cases, the letters Trump sent specify new “reciprocal” tariff rates that are higher or lower compared to April levels.
...
Both countries will face a 25% tariff come August 1, Trump said in posts on Truth Social displaying the letters, potentially giving countries more time to negotiate deals. Around two hours later, he announced similar letters were sent to Malaysia, Kazakhstan, South Africa, Myanmar and Laos, informing their leaders of new tariff rates as high as 40%.

Then later in the day, he posted seven new letters sent to leaders of Tunisia, Bosnia and Herzegovina, Indonesia, Bangladesh, Serbia, Cambodia and Thailand, putting the running total at 14 letters delivered on Monday.

Read more: https://finance.yahoo.com/news/trump-announces-tariffs-40-growing-193431063.html

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Goods from Bangladesh: 35% US tariff

Bosnia and Herzegovina: 30%

Cambodia: 36%

Indonesia: 32%

Japan: 25%

Kazakhstan: 25%

Laos: 40%

Malaysia: 25%

Myanmar: 40%

Serbia: 35%

South Africa: 30%

South Korea: 25%

Thailand: 36%

Tunisia: 25%

https://www.theguardian.com/us-news/2025/jul/07/trump-tariffs-japan-south-korea

[C Moon]

1. He's just feeling powerful since his Big Butt Bill passed.

We need more TACOs.

[IronLionZion]

2. More TACO?

I think this time many are expecting Trump Always Chickens Out

[C_U_L8R]

3. And sent the same form letter to each.

What a buffoon.

[BaronChocula]

4. Here we go with the tariff thing again

[EastBayGuy]

5. What did Mr. Japan have to say? /s

[iemanja]

6. Paper tiger

Kazakhstan. What a joke.

[Yo_Mama_Been_Loggin]

7. Krasnov will put the economy in the shitter if it's the last thing he does.

[Bernardo de La Paz]

8. Negotiation by ultimatum continues. 90 deals in 90 days is hollow. So they TACO'ed the deadline.