Trump Hits 12 More Countries With Tariffs Up To 40%

CBS News reports:

President Trump on Monday said the U.S will impose 25% tariffs on goods from South Korea and Japan by August 1, while also threatening to hit a dozen other nations with steep import duties by next month.

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.

Read the full article. 90 deals in 90 days!