US President donald trump on monday (July 8, 2025) announced the imposition of new trade taxes (tariffs) on 14 countries. The highest duty of 40 percent has been imposed on Myanmar and Laos. These new rules will come into effect from August 1.

Trump gave information about these tariffs on his social media platform Truth Social. He said that official letters related to this decision have been sent to the leaders of all countries. trump called it a new wave of tariff letters.

Trump gave this warning to 14 countries

Trump has warned in a strict tone in official letters sent to 14 countries that if they increase tariffs on America as a retaliatory action, then America will also add the same amount of tax and more. He clearly wrote, "If you increase your tariff for any reason, we will add an additional tax on it by the same percentage you have increased." Trump explained why tariffs are necessary for America He also said that these new tariffs are necessary to correct the years-old wrong policies which imposed a huge trade deficit on America. According to trump, these policies have included both tariff and non-tariff barriers. trump said, "This trade deficit on America is a big threat not only to our economy but also to national security." Why did trump choose japan and south korea first? When white house Press Secretary Caroline Levitt was asked why these two countries were chosen first, she said, "It is the President's prerogative. He chose only those countries which he considers appropriate." Caroline further said that the trump administration is close to finalizing the agreement with many other trade partners. She said, "The President wants these deals to prove to be the best for America."

How much tax on which countries?

1. Myanmar - 40%

2. Lao People's Democratic Republic (Laos) - 40%

3. cambodia - 36%

4. thailand - 36%

5. bangladesh - 35%

6. serbia - 35%

7. indonesia - 32%

8. south africa - 30%

9. Bosnia and Herzegovina - 30%

10. japan - 25%

11. kazakhstan - 25%

12. malaysia - 25%

13. south korea - 25%

14. tunisia - 25%

For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

#Tariff

S Venkateshwari

08/07/2025 07:46 AM