President Trump is turning up the pressure with a wave of tariff letters sent to 14 countries, including Japan and South Korea. The U.S. plans to impose a 25% duty starting August 1—with even higher rates, like 40%, on Myanmar and Laos. Trump says it’s about fixing “longstanding trade deficits,” while warning retaliation will be met with even more tariffs. India and the EU? Not on the list—fueling trade deal rumors.
📦 Biggest Hits: Myanmar & Laos – 40%
🇯🇵🇰🇷 Japan & South Korea – 25%
📅 Deadline: August 1
💬 Trump: “Firm—but not 100% firm”
Stay tuned as global trade faces another round of uncertainty.
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