US president sets new 1 August deadline and warns Japan of 25% tariff, 30% for South Africa and others as high as 40%
Donald Trump revealed plans to step up his trade wars on Monday but delayed tariffs hikes on goods from key economies until next month, amid widespread confusion over his controversial economic strategy.
The US president announced countries including Japan, South Korea and South Africa will face tariffs of up to 40% as part of a fresh wave of levies to kick in on 1 August. No increases will take place on Wednesday, however, after he extended a previous pause.
Goods from Bangladesh: 35% US tariff
Bosnia and Herzegovina: 30%
Cambodia: 36%
Indonesia: 32%
Japan: 25%
Kazakhstan: 25%
Laos: 40%
Malaysia: 25%
Myanmar: 40%
Serbia: 35%
South Africa: 30%
South Korea: 25%
Thailand: 36%
Tunisia: 25%
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