President Donald Trump restarted the process of unilaterally setting tariffs for trading partners ahead of what's become a fluid July 9 negotiating deadline on Monday. In letters to world leaders notifying them of their new tariff levels, Trump acknowledged the levies won't solve the fundamental problem he set out to fix.
“Starting August 1, 2025, we will charge Japan a tariff of only 25% on any and all Japanese products sent into the United States, separate from all Sectoral Tariffs. Goods transshipped to evade a higher Tariff will be subject to that higher Tariff. Please understand that the 25% number is far less than what is needed to eliminate the Trade Deficit disparity we have with your Country," Trump said in his letter to Japanese Prime Minister Ishiba Shigeru, the first to be posted online.
Leaders of South Korea, Malaysia, Kazakhstan and Tunisia, which will also be tariffed at 25%, received nearly identical letters. As did heads of South Africa and Bosnia and Herzegovina, which will be tariffed at 30%; Indonesia at 32%, Bangladesh and Serbia at 35%, Thailand and Cambodia at 36%, and Laos and Myanmar at 40%.
In each letter, Trump said the country will not face tariffs if its companies manufacture their products in the United States.
"(I)n fact, we will do everything possible to get approvals quickly, professionally, and routinely – In other words, in a matter of weeks," the letter said.
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