President Donald Trump has sent letters to various countries warning them of higher tariffs if they do not make trade deals with the US by August 1.
President
Donald Trump has sent letters this week outlining higher tariffs that countries will face if they don't make trade deals with the US by Aug. 1.
Some tariff rates mirror those announced in April, while many are higher or lower than previously announced amounts.
The letters have been posted on Truth Social.
So far, Trump has warned the European Union and 24 nations, including major trading partners like South Korea and Japan, that steeper tariffs will be imposed starting Aug. 1.
Nearly all of these letters took the same general tone with the exception of Brazil, Canada, the EU and Mexico, which included more specifics about Trump’s issues with those countries.
Nearly every country has faced a minimum 10 percent levy on goods entering the US since April, on top of other levies on specific products like steel and automobiles.
And future escalation is still possible.
In his letters, 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 have gotten tariff letters so far — and where things stand now:
Brazil has faced a 50 percent starting Aug. 1 tariff rate.
Brazil wasn’t threatened with an elevated 'reciprocal' rate in April, but like other countries, has faced Trump’s 10 percent baseline over the last three months.
Key exports to the US include petroleum, iron products, coffee and fruit juice.
Myanmar faces a 40 percent starting Aug. 1 tariff rate, down from 44 percent announced in April.
Its key exports to the US are clothing, leather goods and seafood.
The spokesperson for Myanmar’s military government has said it will follow up with negotiations.
Laos faces a 40 percent starting Aug. 1 tariff rate, down from 48 percent announced in April.
Key exports to the US include shoes with textile uppers, wood furniture, electronic components and optical fiber.
Cambodia faces a 36 percent starting Aug. 1 tariff rate, down from 49 percent announced in April.
Its key exports to the US are textiles, clothing, shoes and bicycles.
Cambodia’s chief negotiator has said the country successfully got the tariff dropped from 49 percent Trump announced in April to 36 percent.
Thailand faces a 36 percent starting Aug. 1 tariff rate, the same rate that was announced in April.
Its key exports to the US are computer parts, rubber products and gemstones.
Thailand continues to push for tariff negotiations with the United States.
Bangladesh faces a 35 percent starting Aug. 1 tariff rate, down from 37 percent announced in April.
Its key export to the US is clothing.
Bangladesh hopes to negotiate for a better outcome.
Canada faces a 35 percent starting Aug. 1 tariff rate, up from 25 percent imposed earlier this year on goods that don’t conform with a North American trade agreement covering the US, Canada and Mexico.
Some of Canada’s top exports to the US are subject to different industry-specific tariffs.
Serbia faces a 35 percent starting Aug. 1 tariff rate, down from 37 percent announced in April.
Its key exports to the US include software and IT services; car tires.
Serbia will continue with its diplomatic efforts toward a trade deal by the new Aug. 1 deadline.
Indonesia faces a 32 percent starting Aug. 1 tariff rate, the same rate that was announced in April.
Its key exports to the US are palm oil, cocoa butter and semiconductors.
Algeria faces a 30 percent starting Aug. 1 tariff rate, the same rate that was announced in April.
Its key exports to the US include petroleum, cement and iron products.
Bosnia and Herzegovina faces a 30 percent starting Aug. 1 tariff rate, down from 35 percent announced in April.
Its key exports to the US are weapons and ammunition.
The European Union faces a 30 percent starting Aug. 1 tariff rate, up from 20 percent announced in April but less than the 50 percent Trump later threatened.
Its key exports to the US include pharmaceuticals, cars, aircraft, chemicals, medical instruments, wine and spirits.
Iraq faces a 30 percent starting Aug. 1 tariff rate, down from 39 percent announced in April.
Its key exports to the US are crude oil and petroleum products.
European Commission President Ursula von der Leyen has said the tariffs would disrupt essential supply chains “to the detriment of businesses, consumers and patients on both sides of the Atlantic.” She added that the EU remains ready to continue working toward an agreement but will take necessary steps to safeguard EU interests, including countermeasures if required.
Libya faces a 30 percent starting Aug. 1 tariff rate, down from 31 percent announced in April.
Its key exports to the US are petroleum products.
Mexico faces a 30 percent starting Aug. 1 tariff rate, up from 25 percent imposed earlier this year on goods that don’t conform with the free trade agreement covering the US, Mexico and Canada.
Some of Mexico’s top exports to the US include cars, motor vehicle parts and accessories, crude oil, delivery trucks, computers, agricultural products.
South Africa faces a 30 percent starting Aug. 1 tariff rate, the same rate that was announced in April.
Its key exports to the US are platinum, diamonds, vehicles and auto parts.
South Africa will continue its diplomatic efforts toward a more balanced and mutually beneficial trade relationship with the United States.
Sri Lanka faces a 30 percent starting Aug. 1 tariff rate, down from 44 percent announced in April.
Its key exports to the US include clothing and rubber products.
Brunei faces a 25 percent starting Aug. 1 tariff rate, up from 24 percent announced in April.
Its key exports to the US are mineral fuels and machinery equipment.
Moldova faces a 25 percent starting Aug. 1 tariff rate, down from 31 percent announced in April.
Its key exports to the US include fruit juice, wine, clothing and plastic products.
Japan faces a 25 percent starting Aug. 1 tariff rate, up from 24 percent announced in April.
Its key exports to the US are autos, auto parts, electronic components, etc.
Japanese Prime Minister Shigeru Ishiba called the tariff “extremely regrettable” but said he was determined to continue negotiating.
Kazakhstan faces a 25 percent starting Aug. 1 tariff rate, down from 27 percent announced in April.
Its key exports to the US include oil, uranium, ferroalloys and silver.
Malaysia faces a 25 percent starting Aug. 1 tariff rate, up from 24 percent announced in April.
Its key exports to the US are electronics and electrical products.
The Malaysian government has said it will pursue talks with the US.
A cabinet meeting is scheduled for Wednesday.
South Korea faces a 25 percent starting Aug. 1 tariff rate, the same rate that was announced in April.
Its key exports to the US include vehicles, machinery and electronics.
South Korea’s Trade Ministry has said it will accelerate negotiations with the United States to achieve a deal before the 25 percent tax goes into effect.
Tunisia faces a 25 percent starting Aug. 1 tariff rate, down from 28 percent announced in April.
Its key exports to the US include animal and vegetable fats, clothing, fruit and nuts.
The Philippines faces a 20 percent starting Aug. 1 tariff rate, down from 17 percent announced in April.
Its key exports to the US include electronics and machinery, clothing and gold.