President Donald Trump stated on Monday that the United States will implement 25% import tariffs on Japan and South Korea starting August 1 and warned that similar duties will also be imposed on other countries in the coming weeks.
Imports from at least 14 countries will be subject to sweeping tariffs beginning August 1, Trump revealed.

Trump shared two nearly identical letters on his Truth Social platform, addressed to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung, detailing the upcoming tariff measures. Although a 90-day suspension on U.S. tariffs affecting nations such as Japan and South Korea is set to expire on July 9, Trump clarified that the new tariffs will officially take effect on August 1, rendering the earlier deadline irrelevant.

The president also revealed a wave of new tariffs in the afternoon, targeting 12 additional trade partners. The steepest proposed duties, 40%, will apply to imports from Myanmar and Laos. Thailand and Cambodia may face tariffs of 36%, while Bangladesh and Serbia are set to receive slightly lower rates of 35%.

Indonesia stands alone with a proposed 32% tariff. Meanwhile, goods from South Africa and Bosnia and Herzegovina will be subject to 30% duties starting August 1. Imports from Malaysia, Kazakhstan, and Tunisia will be taxed at 25%, according to letters Trump posted on Truth Social.

White House Press Secretary Karoline Leavitt reported that Trump will sign an executive order to extend the current tariff freeze, pushing the original July 9 deadline to August 1. This extension allows time for the administration to finalize and dispatch revised tariff rates over the coming month.
Leavitt also confirmed that Trump intends to send formal tariff notifications to 12 additional countries, outlining new U.S. import duties on the goods.

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