US President Donald Trump announces new tariffs on 14 countries, effective August 1.

US President Donald Trump announces new tariffs on 14 countries, effective August 1.

US President Donald Trump has announced new tariffs on 14 countries, effective August 1. The tariffs, ranging from 25% to 40%, target imports from Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, Myanmar, Thailand, Cambodia, Bangladesh, Serbia, Indonesia, Tunisia, Bosnia and Herzegovina, and Malaysia. The new rates are part of Trump's ongoing effort to address persistent U.S. trade deficits with these nations [1][2].

The tariffs come as Trump delays the original July 9th deadline for reciprocal tariffs to August 1. This extension provides additional time for negotiations, although Trump has warned that any retaliatory measures from the targeted countries will be met with further tariffs [3].

The new tariffs will not combine with previously announced sector-specific duties on key product categories, such as automobiles and steel and aluminum. This means that the tariffs will be applied as blanket rates, potentially increasing the overall cost of imports from these countries [2].

Trump has indicated openness to negotiations and has suggested that the tariff rates may be adjusted depending on the relationship with each country. He has also mentioned that he is continuing talks with India and the European Union, aiming for a 10% tax rate with exemptions for key products [3].

The announcement of the new tariffs and the deadline extension has sparked global trade tensions and prompted financial markets to react. U.S. financial markets hit new session lows after the announcement, with the Dow Jones Industrial Average shedding 637 points, or 1.4%, and the S&P 500 and the Nasdaq Composite each falling 1.2% [1].

Investors and financial professionals are advised to monitor the progress of negotiations with India and the European Union, as well as any retaliatory measures from the targeted countries. Options strategies such as long straddles or long puts may be considered to hedge against potential market volatility [3].

References:
[1] https://www.cnbc.com/2025/07/07/trump-tariffs-trade-letters-japan.html
[2] https://www.ndtv.com/world-news/14-countries-facing-trumps-new-tariffs-japan-bangladesh-south-korea-8840274
[3] https://www.moomoo.com/community/feed/trump-delays-negotiation-deadline-and-announces-tariffs-of-up-to-114816532676614