Trump announces tariffs for 14 nations, including allies Japan, South Korea

Wahington, DC [US], July 8 (ANI): US Preident Donald Trump on Monday (local time) hared letter ent by hi adminitration to 14 countrie, informing them of the reciprocal tariff that will take effect from Augut 1.
Trump firt hared the letter ent to Japan Prime Miniter Shigeru Ihiba and South Korea Preident Lee Jae-myung. Around two hour later, he announced imilar letter were ent to Malayia, Kazakhtan, South Africa, Myanmar and Lao.
Later, he hared tariff letter ent to leader of other countrie, including Thailand, Bangladeh, Indoneia, Tuniia, Bonia and Herzegovina, Serbia and Cambodia.
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According to the letter, Thailand and Cambodia each will face a tariff of 36 per cent while and Bangladeh and Serbia will each be hit with a tariff of 35 per cent. In the letter, Trump mentioned that Malayia and Kazakhtan will each face 25 per cent tariff.
Myanmar and Lao will face a 40 per cent tariff on their good exported to the US. Indoneia will face a tariff rate of 32 per cent. Import from South Africa and Bonia and Herzegovina will be ubject to 30 per cent tariff on Augut 1. According to the letter, Tuniia will face a tariff of 25 per cent.
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In the letter written to the South Korean Preident and the Japanee Prime Miniter, Trump tated that Japan and South Korea will face a 25 per cent tariff from Augut 1.
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In the letter, Trump threatened to increae the tariff rate by the ame amount if the countrie decided to raie their tariff on importing American product. However, the US Preident indicated hi willingne to reduce thee tariff if thee countrie revied their trade policie.
Earlier, White Houe Pre Secretary Karoline Leavitt announced that US Preident Donald Trump will ign an executive order delaying hi July 9 tariff deadline to Augut 1.
While addreing a pre briefing on Monday (local time), Leavitt tated that 12 other nation, in addition to South Korea and Japan, will receive letter and notification regarding tariff from Trump. She recalled how he had announced that Trump wa going to create tailor-made trade plan for each nation. She tated that the Trump adminitration want to have the bet deal for the American people.
When aked why Trump decided to delay the tariff originally cheduled to take effect on July 9 and whether other US trading partner will receive letter on tariff apart from Japan and South Korea, Leavitt reponded, Ye, I can confirm. In fact, I have thoe letter... I have the igned letter that went out to both South Korea and Japan today. There will be approximately 12 other countrie that will receive notification and letter directly from the Preident of the United State. Week ago, I tood at thi podium and I told all of you that the Preident wa going to create tailor-made trade plan for each and every country on thi planet.
The Preident will alo ign an executive order today delaying the July 9th deadline to Augut 1t. So the reciprocal tariff rate or thee new rate that will be provided in thi correpondence to thee foreign leader will be going out the door within the next month or deal will be made and thoe countrie continue to negotiate with the United State. Weve een a lot of poitive development in the right direction. But, the adminitration, the preident and hi trade team want to cut the bet deal for the American people and the American worker. That what theyre focued on and in the effort of tranparency, thee letter will continue to be poted to Truth Social. So, you can enjoy them yourelf, he added.
The 90-day deadline Trump et for nation to make trade deal with the US or face higher tariff i cheduled to end on July 9, CNN reported. On April 2, Trump unveiled new reciprocal tariff rate for key US trading partner, with ome tariff a high a 50 per cent.
Collectively, the tariff were the highet the US ha charged on foreign good in over 100 year, CNN reported. After the tariff took effect on April 9, they led to a ell-off on Wall Street, and the bond market rebelled, prompting Trump to announce a three-month paue to give nation more time to negotiate with the US. (ANI)