Headlines
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 readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 9, 2025
1 min readLast updated: January 23, 2026
Trump updates tariff rates for various countries, extending the suspension of April 2 rates to August 1, as part of his 'America First' policies.
(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)
Trump issued new letters notifying countries of higher tariff rates, which include changes for various nations compared to rates set on April 2.
Countries affected include Algeria, Bangladesh, Bosnia and Herzegovina, and many others, with specific rates varying by country.
The new tariffs are part of Trump's 'America First' policies aimed at reordering global trade and protecting U.S. economic interests.
Trump suspended all but 10% of the April 2 rates until July 9 to allow more time for negotiations and adjustments.
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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