Trump: Laos and Myanmar to Face 40% Duties, South Africa 30%, Kazakhstan and Malaysia 25%
President Donald Trump continued to post screenshots of his tariff letters July 7, informing Laos and Myanmar of a 40% rate for their products, Kazakhstan and Malaysia of a 25% rate, and South Africa of a 30% rate.
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Trump said the rates are in response to persistent trade surpluses those countries have with the U.S., and any retaliation will be added to make them higher. The letters said the new tariffs will begin Aug. 1.
The rates previously announced April 2 were 48% for Laos, 44% for Myanmar, 27% for Kazakhstan and 24% for Malaysia. South Africa's rate is unchanged.