#TrumpTariffs President Trump announced via Truth Social that, effective August 1, the U.S. will impose new reciprocal tariffs ranging from 25% to 40% on imports from 14 countries—including 25% on Japan and South Korea; 30% on South Africa, Bosnia‑Herzegovina; 32% on Indonesia; 35% on Serbia and Bangladesh; 36% on Thailand and Cambodia; and 40% on Laos and Myanmar . He also threatened an additional 10% tariff on nations aligning with the BRICS bloc . The moves follow an extension of the previous July 9 deadline to August 1, and triggered a sharp sell‑off in global stock markets .