Overview of Countries Receiving U.S. Tariff Letters

President Donald Trump sent letters to 14 countries on Monday, outlining higher tariffs that would be imposed if trade agreements with the U.S. are not reached by August 1.

In the letters, which were posted on Truth Social, Trump stated that countries would face additional tariffs if they responded by increasing their own import taxes.

Countries Receiving Tariff Letters

• Myanmar
  Tariff rate: 40%
  Key exports to the U.S.: Clothing, leather goods, seafood

• Laos
  Tariff rate: 40%
  Key exports to the U.S.: Shoes with textile uppers, wood furniture, electronic components, optical fiber

• Cambodia
  Tariff rate: 36%
  Key exports to the U.S.: Textiles, clothing, shoes, bicycles

• Thailand
  Tariff rate: 36%
  Key exports to the U.S.: Computer parts, rubber products, gemstones

Response: Thailand’s Deputy Prime Minister Pichai Chunhavajira stated that Thailand will continue to pursue tariff negotiations with the United States. On Sunday, Thailand 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%
  Key export to the U.S.: Clothing

Response: Bangladesh’s finance adviser Salehuddin Ahmed stated that Bangladesh hopes to negotiate for a better outcome. There are concerns that additional tariffs could affect the competitiveness of Bangladesh’s garment exports compared to countries such as Vietnam and India.

• Serbia
  Tariff rate: 35%
  Key exports to the U.S.: Software and IT services, car tires

• Indonesia
  Tariff rate: 32%
  Key exports to the U.S.: Palm oil, cocoa butter, semiconductors

• Bosnia and Herzegovina
  Tariff rate: 30%
  Key exports to the U.S.: Weapons and ammunition

• South Africa
  Tariff rate: 30%
  Key exports to the U.S.: Platinum, diamonds, vehicles, auto parts

Response: The office of South African President Cyril Ramaphosa stated that the announced tariff rates do not accurately represent the trade relationship with the U.S., but South Africa will continue diplomatic efforts toward a more balanced and mutually beneficial trade relationship. A trade framework was proposed on May 20.

• Japan
  Tariff rate: 25%
  Key exports to the U.S.: Autos, auto parts, electronics

Response: Japanese Prime Minister Shigeru Ishiba described the tariff as "extremely regrettable" but indicated a commitment to continue negotiations. Ishiba noted that the tariff rate is lower than previously threatened levels and may allow for further negotiations.

• Kazakhstan
  Tariff rate: 25%
  Key exports to the U.S.: Oil, uranium, ferroalloys, silver

• Malaysia
  Tariff rate: 25%
  Key exports to the U.S.: Electronics, electrical products

Response: Malaysia’s government stated it will pursue discussions with the U.S. A cabinet meeting is scheduled for Wednesday.

• South Korea
  Tariff rate: 25%
  Key exports to the U.S.: Vehicles, machinery, electronics

Response: South Korea’s Trade Ministry stated that it will accelerate negotiations with the United States to reach an agreement before the 25% tariff on its exports is implemented.

• Tunisia
  Tariff rate: 25%
  Key exports to the U.S.: Animal and vegetable fats, clothing, fruit, nuts