In a White House Fact Sheet, country-specific reciprocal tariffs have been confirmed for 14 countries so far, plus the announced trade deals with the UK and Vietnam.
Fact Sheet: President Donald J. Trump Continues Enforcement of Reciprocal Tariffs and Announces New Tariff Rates
- Japan (25%)
- Korea (25%)
- South Africa (30%)
- Kazakhstan (25%)
- Laos (40%)
- Malaysia (25%)
- Myanmar (40%)
- Tunisia (25%)
- Bosnia and Herzegovina (30%)
- Indonesia (32%)
- Bangladesh (35%)
- Serbia (35%)
- Cambodia (36%)
- Thailand (36%)
Additionally, in a press conference today, Trump advised that 7 other countries were being sent letters today to advise them of their country-specific reciprocal tariffs come August 1, should a trade deal not be reached before then. An official publication has not been issued yet.
- Philippines (20%)
- Brunei (25%)
- Moldova (25%)
- Algeria (30%)
- Iraq (30%)
- Libya (30%)
- Sri Lanka (30%)
Official guidance on the criteria for applying these tariffs, i.e. if it will be based on an August 1 sail date, an August 1 arrival/clearance date, or some other criteria, has not been issued yet. We expect guidance in the coming weeks, probably closer to the week of 7/28.
We will keep you informed as any new information develops. Thank you for your continued support!
