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Factbox-Trump's higher tariff rates for countries compared to April 2 rates

Published by Global Banking & Finance Review

Posted on July 9, 2025

1 min read

· Last updated: January 23, 2026

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Factbox-Trump's higher tariff rates for countries compared to April 2 rates
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(Reuters) -U.S. President Donald Trump issued new letters on Wednesday notifying countries of higher tariff rates as he continues his "America First" policies and reorders global trade. Following is a

Factbox-Trump's higher tariff rates for countries compared to April 2 rates

(Reuters) -U.S. President Donald Trump issued new letters on Wednesday notifying countries of higher tariff rates as he continues his "America First" policies and reorders global trade.

Following is a list of countries and new tariff rates announced this week, compared to rates set on April 2. Trump later suspended all but 10% of the April 2 rates until July 9 to allow more time for negotiation. That deadline has now slipped to August 1.

Algeria 30% (30%)

Bangladesh 35% (37%)

Bosnia and Herzegovina 30% (35%) 

Brunei 25% (24%)

Cambodia 36% (49%) 

Indonesia 32% (32%)

Iraq 30% (39%)

Japan 25% (24%)

Kazakhstan 25% (27%)

Laos 40% (48%)

Libya 30% (31%)

Malaysia 25% (24%)

Moldova 25% (31%)

Myanmar 40% (44%)

Philippines 20% (17%)

Serbia 35% (37%)

South Africa 30% (30%)

South Korea 25% (25%)

Sri Lanka 30% (44%)

Thailand 36% (36%)

Tunisia 25% (28%)

(Reporting by Andrea Shalal in Washington; Editing by Will Dunham)

Key Takeaways

  • Trump announces new tariff rates for several countries.
  • Comparison of new rates with those set on April 2.
  • Temporary suspension of April 2 rates extended to August 1.
  • Part of Trump's 'America First' trade strategy.
  • Impacts on global trade negotiations.

Frequently Asked Questions

What are the new tariff rates announced by Trump?
Trump issued new letters notifying countries of higher tariff rates, which include changes for various nations compared to rates set on April 2.
Which countries are affected by the new tariff rates?
Countries affected include Algeria, Bangladesh, Bosnia and Herzegovina, and many others, with specific rates varying by country.
What is the purpose of these new tariffs?
The new tariffs are part of Trump's 'America First' policies aimed at reordering global trade and protecting U.S. economic interests.
When will the new tariff rates take effect?
Trump suspended all but 10% of the April 2 rates until July 9 to allow more time for negotiations and adjustments.
How do the new rates compare to previous rates?
The new rates reflect changes from the previous rates set on April 2, with some countries seeing increases while others remain the same.

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