July 7, 2025 – President Trump announced that seven countries, including Japan and South Korea, will face steep tariffs of at least 25% starting August 1, unless they can finalize new trade agreements with the United States. This move rekindles Trump's hardline trade strategy, as he uses social media to notify foreign leaders about these mounting economic pressures.
Originally, tariffs announced in April had been temporarily paused to allow for negotiations, but little progress has been made. With the deadline approaching, Trump is expected to issue an executive order extending the grace period while simultaneously warning nations of the new tariff rates.
Countries such as Japan and South Korea, which are significant players in U.S. imports, will be subject to this 25% tariff. Meanwhile, smaller economies like Myanmar face even higher tariffs of 40%. As the situation unfolds, any retaliatory actions or attempts to circumvent these tariffs could lead to even steeper penalties from the U.S.
In the upcoming days, further announcements to additional countries are anticipated, now being drawn into this escalating trade conflict.
Originally, tariffs announced in April had been temporarily paused to allow for negotiations, but little progress has been made. With the deadline approaching, Trump is expected to issue an executive order extending the grace period while simultaneously warning nations of the new tariff rates.
Countries such as Japan and South Korea, which are significant players in U.S. imports, will be subject to this 25% tariff. Meanwhile, smaller economies like Myanmar face even higher tariffs of 40%. As the situation unfolds, any retaliatory actions or attempts to circumvent these tariffs could lead to even steeper penalties from the U.S.
In the upcoming days, further announcements to additional countries are anticipated, now being drawn into this escalating trade conflict.
