In a major escalation of trade tensions, U.S. President Donald Trump has announced new tariffs of up to 40% on imports from 14 countries, effective August 1, 2025. The tariffs aim to reduce the U.S. trade deficit and encourage foreign companies to shift manufacturing to the United States.
Steel and Auto Sectors Not Included
The White House clarified that these new levies will apply to all goods except for steel and automobiles, which are already subject to separate trade restrictions.
In an official statement, the administration called the move a "reciprocal tariff" strategy, designed to address long-standing trade imbalances with key trading partners.
"There will be no tariff if they decide to build or manufacture products in our country," Trump declared. He also issued a warning: any retaliatory tariffs by affected countries could prompt the U.S. to impose even higher duties in response.
Tariff Details Pending
While the list of the 14 countries and specific product categories is expected to be released soon, the administration has emphasized that the maximum rate will reach 40%, varying by country and product origin. The announcement marks a significant policy shift likely to affect global trade flows and supply chains.
More details, including a full tariff table, are expected from the U.S. Trade Representative's office later this week.
VietnamSteel by Hoa Sen Group
