President Trump to impose additional tariffs of 25% on Japan and five other countries, 40% on Laos and Myanmar



US President Donald Trump has announced that he will impose additional tariffs on 14 countries from August 1, 2025. Japan will be hit with a 25% tariff along with South Korea, Malaysia, Kazakhstan and Tunisia, while Laos and Myanmar will be hit with the highest tariffs of 40%.



Trump: Tariffs on Japan, Korea, 12 more starting Aug. 1

https://www.cnbc.com/2025/07/07/trump-tariffs-trade-letters-japan.html

Trump and US commerce secretary say tariffs are delayed until 1 August, sparking confusion | Trump tariffs | The Guardian
https://www.theguardian.com/us-news/2025/jul/06/trump-tariff-delay

Trump Warns Numerous Countries of Reciprocal Tariffs That Could Start August 1
https://legalinsurrection.com/2025/07/trump-warns-numerous-countries-of-reciprocal-tariffs-that-could-start-august-1/

Punishing 25% Tariffs Are Coming to Japan, South Korea - and That Has Tech Worried (Again) - Techstrong IT
https://techstrong.it/featured/punishing-25-tariffs-are-coming-to-japan-south-korea-and-that-has-tech-worried-again/

President Trump has published letters addressed to various countries on Truth Social. The letter addressed to Japan is addressed to Prime Minister Shigeru Ishiba. Although the letter prefaces the statement that 'the United States agrees to continue its cooperative relationship with Japan,' it also states that the long-term and deep-rooted trade deficit with Japan must be overcome, and makes clear its intention to impose a 25% tariff on all Japanese products sent to the United States from August 1, 2025.



The 25% additional tariff is in addition to the tariffs for each sector. If Japan raises its tariffs for any reason, the US has stated that it will add the amount of the tariff increase made by Japan to the 25% additional tariff.

'If China wishes to open previously closed trade markets to the United States and remove tariffs, non-tariff policies and trade barriers, we will consider revising the letter,' the statement said.

President Trump

announced the introduction of 'reciprocal tariffs' in April 2025, which would raise tariffs in each country based on the tariffs and non-tariff barriers of the other country. The tariffs that were scheduled to be imposed on Japan at this point were '24%, and this time, Japan and Malaysia have raised their tariffs from this point.



Besides Japan, South Korea, Malaysia, Kazakhstan and Tunisia will also be subject to additional tariffs of 25%, while South Africa and Bosnia-Herzegovina will be subject to 30%, Indonesia to 32%, Bangladesh and Serbia to 35%, Thailand and Cambodia to 36%, and Laos and Myanmar to 40%.

Techstrong IT, a news site, pointed out that Samsung, which has most of its manufacturing operations in countries such as Vietnam and Brazil, will face various tariff issues when exporting to the US. Unless semiconductors are exempted from the sectoral measures, Samsung could face cost pressures and supply chain disruptions in areas including its most important DRAM and NAND businesses.

Some are concerned about the price increase of the Nintendo Switch due to tariffs.



In response to this move, the Nikkei Stock Average fell 0.3%, South Korean stocks fell 0.7%, and the MSCI Asia Pacific ex Japan index fell 0.1%.

Treasury Secretary Scott Bessent said negotiations with the EU were 'making good progress' and a big announcement is expected within days.

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in Note, Posted by logc_nt