trump tariffs

President Donald Trump has recently continued his enforcement of reciprocal tariffs, signing an Executive Order on July 7, 2025, which extends certain tariff rates previously set to expire on July 9 to a new expiration date of August 1, 2025. Alongside this, Trump announced new reciprocal tariff rates for numerous countries to take effect on August 1, aiming to push for more balanced trade relationships and address the U.S. goods trade deficit. Some countries have received notifications that their reciprocal rates would be lower than previously announced, while others face higher rates[1].

The countries affected by these new or revised tariff rates include:

  • Japan (25%)
  • Korea (25%)
  • South Africa (30%)
  • Kazakhstan (25%)
  • Laos (40%)
  • Malaysia (25%)
  • Myanmar (40%)
  • Tunisia (25%)
  • Bosnia and Herzegovina (30%)
  • Indonesia (32%)
  • Bangladesh (35%)
  • Serbia (35%)
  • Cambodia (36%)
  • Thailand (36%)

Trump’s administration has indicated that more countries may receive similar notifications in the coming days and weeks[1].

According to recent data, the reciprocal tariff rates for countries such as China, Iraq, Israel, Jordan, and Kazakhstan have either been delayed or amended, with new effective dates and rates scheduled for August 1, 2025. For example, Japan’s reciprocal tariff rate, originally set at 24%, has been amended to 25%, while Kazakhstan’s was adjusted from 27% to 25%. These tariffs apply broadly to all products from the affected countries, with some exceptions noted in official documentation[2].

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