President Trump's renewed tariff threats create uncertainty as the deadline for trade negotiations approaches.
**Trump's New Tariff Hike Looms for Several Nations**
**Trump's New Tariff Hike Looms for Several Nations**
Countries face potential 25% tariffs impacting international trade dynamics starting August 1.
July 7, 2025, 4:44 p.m. ET – President Trump has issued a warning to seven nations, indicating that they will incur tariffs of at least 25% on August 1 unless new trade agreements are reached by that date. This move is seen as a resurgence of Trump’s aggressive trade negotiation tactics, with more announcements regarding tariffs expected in the coming days.
In letters sent to leaders of Japan, South Korea, Malaysia, South Africa, Kazakhstan, Laos, and Myanmar, the president detailed new tariffs that would take effect, replacing the high duties he previously announced in April. At that time, Trump temporarily paused these tariffs for 90 days in hopes of negotiating better trade deals with multiple countries. However, the administration has seen little success in a project aimed at finalizing “90 deals in 90 days,” with the deadline rapidly approaching.
To extend this period for negotiations, Trump is poised to sign an executive order that prolongs the previous pause while notifying affected countries of the new impending tariff rates. The tariffs target Japan and South Korea with a significant 25% rate, each accounting for approximately 4% of U.S. imports, while Myanmar faces a hefty 40% tariff, impacting its limited trade with the United States.
Furthermore, Trump has warned that if any of the nations react by imposing their own import duties or attempt to circumvent U.S. tariffs by rerouting shipments through other countries, the tariff rates could be increased even further. The White House may soon issue additional correspondence to other countries regarding tariffs hinted at earlier.
These developments reflect Trump's ongoing and contentious approach to international trade, intensifying the stakes as nations scramble to adapt to the evolving economic landscape.
In letters sent to leaders of Japan, South Korea, Malaysia, South Africa, Kazakhstan, Laos, and Myanmar, the president detailed new tariffs that would take effect, replacing the high duties he previously announced in April. At that time, Trump temporarily paused these tariffs for 90 days in hopes of negotiating better trade deals with multiple countries. However, the administration has seen little success in a project aimed at finalizing “90 deals in 90 days,” with the deadline rapidly approaching.
To extend this period for negotiations, Trump is poised to sign an executive order that prolongs the previous pause while notifying affected countries of the new impending tariff rates. The tariffs target Japan and South Korea with a significant 25% rate, each accounting for approximately 4% of U.S. imports, while Myanmar faces a hefty 40% tariff, impacting its limited trade with the United States.
Furthermore, Trump has warned that if any of the nations react by imposing their own import duties or attempt to circumvent U.S. tariffs by rerouting shipments through other countries, the tariff rates could be increased even further. The White House may soon issue additional correspondence to other countries regarding tariffs hinted at earlier.
These developments reflect Trump's ongoing and contentious approach to international trade, intensifying the stakes as nations scramble to adapt to the evolving economic landscape.
