Reference News Network, July 8 report. According to the website of Singapore's "The Straits Times" on July 8, Trump sent a letter to 14 countries including Japan, South Korea, and Malaysia on July 7, stating that unless they can reach new trade agreements with the United States as soon as possible, they will face high tariffs of at least 25% starting from August 1. This marks a new phase in the tariff war he initiated several months ago.
According to reports from media such as The New York Times and Bloomberg, the countries listed in the first tariff list by Trump are mostly Asian countries, including major trading partners such as Japan and South Korea, as well as countries with smaller export volumes to the United States.
Another report said that U.S. President Trump signed an executive order on July 7 to extend the implementation date of his "reciprocal tariffs" to August 1.
The grace period announced by Trump will end on July 9.
Earlier that day, Trump announced on his social media platform "Truth Social" that he would impose a 25% tariff on imported products from Japan and South Korea starting August 1.
In the afternoon, he also announced a 25% tariff on imports from Malaysia, Kazakhstan, and Tunisia, a 30% tariff on imports from South Africa, a 40% tariff on imports from Laos and Myanmar. Other countries subject to tariffs include Indonesia (32%), Bangladesh (35%), Thailand and Cambodia (36%), Bosnia and Herzegovina (30%), and Serbia (35%).
Trump announced the so-called "reciprocal tariffs" on April 2, which triggered a sharp drop in the U.S. financial markets. Under pressure from multiple parties, Trump announced on April 9 to delay the collection of high "reciprocal tariffs" on some trading partners for 90 days, but maintained a "base tariff" of 10%.
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