
Mr. Trump on Monday afternoon also announced separate tariffs on an additional 12 trade partners. Myanmar and Laos face a 40% tariff rate, the highest of the new levies the U.S. is threatening to deploy. Thailand and Cambodia face potential tariffs of 36%, while Mr. Trump announced slightly lower tariffs of 35% on both Bangladesh and Serbia.
Indonesia is the lone country facing a possible tariff rate of 32%. Imports from South Africa and Bosnia and Herzegovina will be subject to 30% duties as of August 1, while goods from Malaysia, Kazakhstan and Tunisia will be taxed at 25%, Mr. Trump said in letters posted on Truth Social.
White House press secretary Karoline Leavitt said during a media briefing Monday that Mr. Trump is set to sign an executive order extending the July 9 tariff freeze. The order delays the deadline to "August 1 so the reciprocal tariff rate, or these new rates that will be provided in this correspondence to these foreign leaders, will be going out the door within the next month," Leavitt said.
Leavitt also said Mr. Trump was planning to send tariff letters to "approximately 12 other countries" informing them of new U.S. levies on their goods. She did not indicate when the notices will be sent out, but said Mr. Trump will post them on Truth Social "so you can enjoy them yourself."
Trump is also expected to announce more deals with U.S. trade partners before the beginning of August, she said.
https://www.cbsnews.com/news/trump-japan-korea-tariffs-august-1/
