US Imposes Steep Tariffs on 14 Countries, Including Allies - Full List Revealed
US President Donald Trump has announced that 14 nations, including key allies like South Korea and Japan, will face tariffs of at least 25 percent starting from August 1 if they do not reach an agreement with the US. The move has sparked concerns about the impact on global trade and the rush to secure a sustainable deal that meets each country's interests.
US President Donald Trump's trade policy has taken a new turn. Trump announced that 14 nations could face tariffs of at least 25 percent from August 1 if they don't agree with the US. The list includes allies like South Korea and Japan. This move could impact global trade as countries try to find a balance.
Comparing old threats to new announcements:
Trading PartnerOld ThreatNew AnnouncementJapan+24%+25%South Korea+25%+25%Thailand+36%+36%Malaysia+24%+25%Indonesia+32%+32%South Africa+30%+30%Cambodia+49%+36%Bangladesh+37%+25%Kazakhstan+27%+25%Tunisia+28%+25%Serbia+37%+35%Laos+48%+40%Myanmar+39%+40%Bosnia and Herzegovina+35%+30%
The new tariffs could replace the old ones if deals aren't reached by the August deadline. Despite Trump's optimism, progress on the '90 deals in 90 days' campaign has been slow.
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