Trump imposes tariffs ranging from 25% to 40% on 14 countries

US President Donald Trump

US President Donald Trump imposed new tariffs on 14 countries on July 7, just moments after the White House announced an extension of the trade truce deadline to Aug. 1.

Trump posted  a series of official letters via Truth Social addressed to the leaders of the affected countries, which include Malaysia, Kazakhstan, South Africa, Laos, and Myanmar. He stated that the new tariffs, ranging from 25% to 40%, will take effect on Aug. 1, 2025.

 Trump stated in his letters that the new tariffs will take effect on Aug. 1, 2025.

Earlier in the day, White House spokesperson Karoline Leavitt confirmed that Trump would issue an executive order extending the mutual tariff suspension until Aug. 1.

Each of Trump's letters reportedly contained a standard clause warning that if any of the targeted countries retaliate by raising tariffs on US goods, the US will match the increase.

For instance, if Indonesia imposes a 10% tariff on US products, the US will raise its total tariff on Indonesian goods from 32% to 42% in response.