Trump Imposes New Tariffs on 14 Countries

In a move that signals a renewed escalation in trade tensions, U.S. President Donald Trump has imposed new tariffs on 14 trade partner countries—including Bangladesh.

On Monday, July 7 (local time), Trump signed off on a letter announcing additional tariffs, with the highest—40%—being levied on Myanmar and the Lao People’s Democratic Republic. The new tariffs are set to take effect from August 1, 2025.

Trump stated that he remains open to negotiations and suggested he is willing to show flexibility to reach agreements.

He added, “We made a deal with the UK, we made a deal with China, we’re close to a deal with India… With the countries we met and felt we couldn’t reach a deal, we’re simply sending them a letter.”

Countries and Tariff Rates Announced by Trump:
Laos – 40% tariff

Myanmar – 40% tariff

Thailand – 36% tariff

Cambodia – 36% tariff

Bangladesh – 35% tariff

Serbia – 35% tariff

Indonesia – 32% tariff

South Africa – 30% tariff

Bosnia and Herzegovina – 30% tariff

Malaysia – 25% tariff

Tunisia – 25% tariff

Japan – 25% tariff

South Korea – 25% tariff

Kazakhstan – 25% tariff

These actions mark a significant shift in U.S. trade relations, especially for developing nations like Bangladesh, which now faces steep export barriers in the American market.

Source: NDTV