Trump reveals new tax rate for 14 countries

July 8, 2025 at 8:15 AM

On Monday, Trump shared letters addressing leaders of 14 countries on social media, informing them of his latest tariff plans, while adding that the rates could be modified “upward or downward, depending on our relationship with your country”.

Most of the tariff rates outlined by Trump were similar to those outlined in April, when he made his “Liberation Day” announcement, threatening a wave of new taxes on goods from various countries. (BBC)

40%: Laos, Myanmar.

36%: Cambodia, Thailand.

35%: Bangladesh, Serbia.

32%: Indonesia.

30%: South Africa, Bosnia.

25%: Japan, South Korea, Malaysia, Kazakhstan, Tunisia