Update on Reciprocal Tariffs: Deadline Extended, New Rates Announced
The reciprocal tariffs deadline has been extended to August 1, 2025. See here for the related Executive Order.
Yesterday, information about the letters sent to several countries was also made public - the rates and countries are as follows:
1. Japan: 25% on all Japanese products sent to U.S.
2. South Korea: 25%
3. Tunisia: 25%
4. Malaysia: 25%
5. Kazakhstan: 25%
6. South Africa: 30%
7. Bosnia & Herzegovina: 30%
8. Indonesia: 32%
9. Serbia: 35%
10. Bangladesh: 35%
11. Thailand: 36%
12. Cambodia: 36%
13. Laos: 40%
14. Myanmar: 40%
The three trade agreements which have been announced are with the UK, Vietnam and China. Here is the June 16th Federal Register notice re the US-UK trade deal. There is nothing official published yet regarding either the U.S.-Vietnam deal or the U.S-China deal (beyond what was released in May re the latter deal).
