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.