A look at countries that received Trump's tariff letters- The Week

Washington, Jul 8 (AP) President Donald Trump sent letters to 14 countries Monday outlining higher tariffs they'll face if they don't make trade deals with the US by Aug 1.
     In the letters, which were posted on Truth Social, Trump warned countries that they would face even higher tariffs if they retaliated by increasing their own import taxes.

     Here's a look at the countries that got tariff letters:

     Myanmar
     Tariff rate: 40%
     Key exports to the US: Clothing, leather goods, seafood
     Response: Maj Gen Zaw Min Tun, the spokesperson for Myanmar's military government, said the government will follow up with negotiations.

     Laos
     Tariff rate: 40%
     Key exports to the US: Shoes with textile uppers, wood furniture, electronic components, optical fibre

     Cambodia
     Tariff rate: 36%
     Key exports to the US: Textiles, clothing, shoes, bicycles
     Response: Cambodia's chief negotiator, Sun Chanthol, said the country successfully got the tariff dropped from the 49% Trump announced in April to 36% and is ready to hold a new round of negotiations. He appealed to investors, especially factory owners, and the country's nearly 1 million garment workers not to panic about the tariff rate announced Monday.

     Thailand
     Tariff rate: 36%
     Key exports to the US: Computer parts, rubber products and gemstones
     Response: Thailand's Deputy Prime Minister Pichai Chunhavajira said Thailand will continue to push for tariff negotiations with the United States. Thailand on Sunday submitted a new proposal that includes opening the Thai market for more American agricultural and industrial products and increasing imports of energy and aircraft.

     Bangladesh
     Tariff rate: 35%
     Key export to the US: Clothing
     Response: Bangladesh's finance adviser Salehuddin Ahmed said Bangladesh hopes to negotiate for a better outcome. There are concerns that additional tariffs would make Bangladesh's garment exports less competitive with countries like Vietnam and India.

     Serbia
     Tariff rate: 35%
     Key exports to the US: Software and IT services; car tires

     Indonesia
     Tariff rate: 32%
     Key exports to the US: Palm oil, cocoa butter, semiconductors

     Bosnia and Herzegovina
     Tariff rate: 30%
     Key exports to the US: Weapons and ammunition

     South Africa
     Tariff rate: 30%
     Key exports to the US: Platinum, diamonds, vehicles and auto parts
     Response: The office of South African President Cyril Ramaphosa said in a statement that the tariff rates announced by Trump mischaracterised the trade relationship with the US, but it would “continue with its diplomatic efforts towards a more balanced and mutually beneficial trade relationship with the United States” after having proposed a trade framework on May 20.

     Japan
     Tariff rate: 25%
     Key exports to the US: Autos, auto parts, electronics
     Response: Japanese Prime Minister Shigeru Ishiba called the tariff “extremely regrettable” but said he was determined to continue negotiating. Ishiba said Trump's tariff rate is lower than the levels he had threatened earlier and opens the way for further negotiations.

     Kazakhstan
     Tariff rate: 25%
     Key exports to the US: Oil, uranium, ferro alloys and silver

     Malaysia
     Tariff rate: 25%
     Key exports to the US: Electronics and electrical products
     Response: Malaysia's government said it will pursue talks with the US. A cabinet meeting is scheduled for Wednesday.

     South Korea
     Tariff rate: 25%
     Key exports to the US: Vehicles, machinery, electronics
     Response: South Korea's Trade Ministry said early Tuesday that it will accelerate negotiations with the United States to achieve a deal before the 25% tax goes into effect.

     Tunisia
     Tariff rate: 25%
     Key exports to the US: Animal and vegetable fats, clothing, fruit and nuts. (AP) SCY

A look at countries that received Trump's tariff letters

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