Trump slaps 25-40% tariffs on 7 nations, warns BRICS bloc of additional 10% tax

July 9 deadline extended to Aug 1; India says further advancement connected commercialized woody to beryllium connected US

US President Donald Trump connected Monday imposed a 25 per cent broad tariff connected imports from Japan, South Korea, South Africa, Malaysia and Kazakhstan, and 40 per cent connected Myanmar and Laos.

In different important development, the Trump medication extended the July 9 cut-off day for the imposition of tariffs worldwide to August 1. White House Press Secretary Karoline Leavitt said President Trump would motion an enforcement bid to hold the Wednesday (July 9) deadline until August 1.

Leavitt said 12 letters connected tariffs would beryllium sent retired Monday and much shall travel implicit the adjacent fewer days.

Trump provided announcement of the tariffs to the 7 countries by posting letters addressed to their leaders connected Truth Social. The letters warned the countries to not retaliate by expanding their ain import taxes, oregon other the Trump medication would summation import taxes by arsenic overmuch the tariff-facing nations hiked, positive the magnitude announced by the US President today. Incidentally, the tariffs could harm the car and electronics sectors of Japan and South Korea, 2 important partners for the US successful countering China’s influence.

“If for immoderate crushed you determine to rise your tariffs, then, immoderate the fig you take to rise them by, volition beryllium added onto the 25 per cent that we charge,” Trump wrote successful the letters to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung.

Meanwhile, the Trump medication refused to instantly enforce a caller 10 per cent tariff against members of the BRICS bloc, but said it would proceed if idiosyncratic countries took the “so-called anti-American” argumentation actions.

In India, it is feared that a missive connected tariffs was destined for New Delhi excessively arsenic Trump was readying to nonstop retired letters to 18 countries that had maximum commercialized imbalance with the US. So far, issues stay unresolved betwixt the 2 countries. India has drawn its reddish lines connected contentious issues, peculiarly astir agriculture and dairy. “Now, the shot is successful the US court,” a quality bureau quoted an official, suggesting that further question would beryllium connected Washington’s response.

Speaking to reporters connected Sunday, Trump confirmed that letters would commencement going retired Monday midnight, with much expected connected Tuesday and Wednesday. “Some deals person been made,” helium said, “but letters are easier and faster.”

Back successful February, India and the US had agreed to statesman enactment connected a full-fledged Bilateral Trade Agreement (BTA). While that is apt to instrumentality signifier by September oregon October this year, the absorption for present is connected securing an interim pact to forestall contiguous tariff symptom and stabilise relations. Even amid rising commercialized friction, the US remains India’s apical trading partner. In 2024-25, the two-way goods commercialized reached $131.84 billion, with India enjoying a surplus of $41.18 billion. The US has besides invested implicit $70 cardinal successful India since 2000, with large American firms progressive successful sectors similar IT, manufacturing and services.

The US is seeking tariff concessions connected automobiles, electrical vehicles, petrochemicals, wines, dairy and workplace goods. India seeks little US duties connected labour-intensive exports similar textiles, apparel, gems and jewellery, leather, chemicals, shrimp and horticulture.

On April 2, the US imposed a 26 per cent reciprocal tariff connected Indian imports, but temporarily held disconnected implementation for 90 days. With that intermission ending connected July 9, India is pushing for implicit exemption from the hike.

Commerce Minister Piyush Goyal connected Saturday reiterated that India would not unreserved into a woody based connected artificial deadlines. “National involvement should ever beryllium supreme,” helium said, adding that India was unfastened to deals that were balanced and comprehensive. The negotiating model until July 9 has led to announced deals lone with the UK and Vietnam.