
07/07/2025
President Donald Trump on Monday threatened tariffs from 25% to 40% on all goods from seven countries, including major U.S. trade partners Japan and South Korea.
The tariffs would go into effect Aug. 1, rather than Wednesday, which was the deadline Trump already extended once from an initial April date, Trump wrote in a series of letters to the countries’ leaders that he posted on his social media platform.
Countries that will see 25% tariffs are Japan, South Korea, Malaysia and Kazakhstan, with South Africa subject to a 30% rate and Laos and Myanmar seeing a 40% tariff rate.
The letters are nearly identical and begin by acknowledging the United States faces a trade deficit with the other country.
President Donald Trump on Monday threatened tariffs from 25% to 40% on all goods from seven countries, including major U.S. trade partners Japan and South Korea. The tariffs would go into effect Aug. 1, rather than Wednesday, which was the deadline Trump already extended once from an initial April d...