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Image Credit: Bloomberg Quint

US Says 12 Tariff Letters To Be Issued Today, Others To Get In Coming Days

  • The White House announced that new tariffs will be communicated to leaders of 12 countries, with tariffs starting on Aug. 1.
  • Trump recently imposed 25% tariffs on Japan and South Korea, with the new tariffs affecting countries like Malaysia, Kazakhstan, South Africa, Myanmar, and Laos.
  • Countries hit with tariffs face varying rates, with South Africa facing a 30% levy and Myanmar and Laos facing 40% tariffs.
  • India was not listed among the countries facing new tariffs, as negotiations with the US for a bilateral trade agreement continue.

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