President Donald Trump on Monday announced new tariff rates for South Africa, Laos, Myanmar, Malaysia, and Kazakhstan, posting letters to the leaders of each country on his Truth Social account.
The letters closely follow those sent out earlier in the day to Japan and South Korea, whose products will be hit by a 25 percent tariff rate beginning August 1.
Trump told Myanmar and Laos that they will face 40 percent tariffs on their exports, slightly lower than the rates announced at the Trump administration’s April 2nd Liberation Day event. In April, Trump said Myanmar would face a 44 percent tariff and Laos a 48 percent tariff.
South Africa will face 30 percent tariffs, the same rate announced on Liberation Day.
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Kazakhstan and Malaysia will
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