A look at the countries that received Trump's tariff letters
President Trump has issued tariff letters to 14 countries, setting varying rates to take effect on August 1st, contingent on trade negotiations. While some countries face tariffs mirroring previously announced rates, others see reductions, and a f...
Four out of these 14 countries face import taxes that mirror the same, so-called "reciprocal" rates Trump unveiled against dozens of trading partners in April - the bulk of which were later postponed just hours after taking effect. But eight of Monday's letters outlined rates lower than those previously-announced amounts, while two were slightly higher.
Future escalation is still possible. In the letters, which were posted on Truth Social, Trump warned countries that they would face even higher tariffs if they retaliated by increasing their own import taxes.
Here's a look at the countries that got tariff letters - and where things stand now:
Myanmar Tariff rate: 40% starting Aug. 1. That's down from 44% announced in April.
Key exports to the U.S.: Clothing, leather goods, seafood
Laos Tariff rate: 40% starting Aug. 1. That's down from 48% announced in April.
Key exports to the U.S.: Shoes with textile uppers, wood furniture, electronic components, optical fiber
Cambodia Tariff rate: 36% starting Aug. 1. That's down from 49% announced in April.
Key exports to the U.S.: Textiles, clothing, shoes, bicycles
Thailand Tariff rate: 36% starting Aug. 1. That's the same rate that was announced in April.
Key exports to the U.S.: Computer parts, rubber products and gemstones
Response: Thailand's Deputy Prime Minister Pichai Chunhavajira said Thailand will continue to push for tariff negotiations with the United States. Thailand on Sunday submitted a new proposal that includes opening the Thai market for more American agricultural and industrial products and increasing imports of energy and aircraft.
Bangladesh Tariff rate: 35% starting Aug. 1. That's down from 37% announced in April.
Key export to the U.S.: Clothing
Response: Bangladesh's finance adviser Salehuddin Ahmed said Bangladesh hopes to negotiate for a better outcome. There are concerns that additional tariffs would make Bangladesh's garment exports less competitive with countries like Vietnam and India.
Serbia Tariff rate: 35% starting Aug. 1. That's down from 37% announced in April.
Key exports to the U.S.: Software and IT services; car tires
Indonesia Tariff rate: 32% starting Aug. 1. That's the same rate that was announced in April.
Key exports to the U.S.: Palm oil, cocoa butter, semiconductors
Bosnia and Herzegovina Tariff rate: 30% starting Aug. 1. That's down from 35% announced in April.
Key exports to the U.S.: Weapons and ammunition
South Africa Tariff rate: 30% starting Aug. 1. That's the same rate that was announced in April.
Key exports to the U.S.: Platinum, diamonds, vehicles and auto parts
Response: The office of South African President Cyril Ramaphosa said in a statement that the tariff rates announced by Trump mischaracterized the trade relationship with the U.S., but it would "continue with its diplomatic efforts towards a more balanced and mutually beneficial trade relationship with the United States" after having proposed a trade framework on May 20.
Japan Tariff rate: 25% starting Aug. 1. That's up from 24% announced in April.
Key exports to the U.S.: Autos, auto parts, electronics
Response: Japanese Prime Minister Shigeru Ishiba called the tariff "extremely regrettable" but said he was determined to continue negotiating. Ishiba said Trump's tariff rate is lower than the levels he had threatened earlier and opens the way for further negotiations.
Kazakhstan Tariff rate: 25% starting Aug. 1. That's down from 27% announced in April.
Key exports to the U.S.: Oil, uranium, ferroalloys and silver
Malaysia Tariff rate: 25% starting Aug. 1. That's up from 24% announced in April.
Key exports to the U.S.: Electronics and electrical products
Response: Malaysia's government said it will pursue talks with the U.S. A cabinet meeting is scheduled for Wednesday.
South Korea Tariff rate: 25% starting Aug. 1. That's the same rate that was announced in April.
Key exports to the U.S.: Vehicles, machinery, electronics
Response: South Korea's Trade Ministry said early Tuesday that it will accelerate negotiations with the United States to achieve a deal before the 25% tax goes into effect.
Tunisia Tariff rate: 25% starting Aug. 1. That's down from 28% announced in April.
Key exports to the U.S.: Animal and vegetable fats, clothing, fruit and nuts.
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