President Donald Trump sent letters to the leaders of seven countries, alerting them to new reciprocal tariffs that could take effect on August 1.
These tariffs should have started on July 9, though. So, yeah, Trump is giving them another delay.
These countries face possible higher tariffs:
Trump posted the letters on Truth Social. They all say the same thing except the country name and tariff number.
For example, his letter to Japanese Prime Minister Ishiba Shigeru stated:
Our relationship has been, unfortunately, far from Reciprocal. Starting on August 1, 2025, we will charge Japan a Tariff of only 25% on any and all japanese products sent into the United States, separate from Sectoral Tariffs. Goods transshipped to evade a higher Tariff will be subject to that higher Tariff. Please understand that the 25% number is far less than what is needed to eliminate the Trade Deficit disparity we have with your Country.
Sectoral tariffs target specific industries, such as steel or agriculture.
Trump warned the leaders that if they choose to raise their tariffs, then the U.S. will raise its tariffs more.
Myanmar faces 40% tariffs. If Myanmar raises its tariffs, the U.S. will add that number “onto the 40% that we charge.”
Trade wars are dumb. I’m having a hard time keeping up with all of these tariffs.
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