📄 Mutual Tariff Rates Notified under Trump’s Latest Trade Letters (as of July 2025)
The following are the mutual tariff rates announced for selected countries. These rates apply in addition to existing sector-specific tariffs (e.g., steel, aluminum, automobiles, and parts):
| Country | Current Rate | Initial Proposal |
|---|---|---|
| Japan | 25% | 24% |
| South Korea | 25% | 25% |
| Thailand | 36% | 36% |
| Indonesia | 32% | 32% |
| Malaysia | 25% | 24% |
| Cambodia | 36% | 49% |
| Myanmar | 40% | 44% |
| Laos | 40% | 48% |
| Bangladesh | 35% | 37% |
| South Africa | 30% | 30% |
| Kazakhstan | 25% | 27% |
| Serbia | 35% | 37% |
| Bosnia and Herzegovina | 30% | 35% |
| Tunisia | 25% | 28% |
📌 Key Notes:
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These tariffs are independent of product-specific tariffs and are considered part of a broader “mutual tariff framework.”
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In President Trump’s letters, it is indicated that the final tariff rates may be subject to change depending on the outcomes of bilateral negotiations with each country.
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These new tariffs are scheduled for implementation on August 1, providing roughly three weeks for potential adjustments or exemptions based on diplomatic engagement.
