• Source:JND
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US President Donald Trump on Tuesday confirmed once again that his administration's "reciprocal" tariffs on several countries will be effective from August 1, 2025, with no room for extension. Trump's firm declaration comes amid Washington moving forward with aggressive trade action against 14 countries while reporting progress on a different agreement with India.

Reciting his position on the social media site Truth Social, Trump posted, “As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter!”

'Close To Deal' With India

Addressing the media on Monday evening at the White House with visiting Israeli Prime Minister Benjamin Netanyahu, Trump revealed the US is almost about to conclude a trade agreement with India. “We are close to making a deal with India. We’ve made a deal with the United Kingdom. We’ve made a deal with China. Others we met with, and we don’t think we’re going to be able to make a deal, so we just send them a letter,” Trump told reporters. Trump asserted that his government had signed deals with key trading partners such as the UK and China and that talks with India were moving quickly.

ALSO READ: Trump Gives Major Update On India-US Trade Deal After Announcing New Tariffs Against 14 Nations | WATCH

As per the letters posted by Trump, the new tariffs aim at countries such as Japan, South Korea, Thailand, Myanmar, Bangladesh, Malaysia, Kazakhstan, South Africa, Indonesia, Tunisia, Bosnia and Herzegovina, Serbia, Cambodia, and Laos.

According to the letters:

• Thailand and Cambodia will each pay tariffs of 36 per cent.
• Bangladesh and Serbia will be subject to 35 per cent tariffs.
• Myanmar and Laos will be subject to the highest tariff at 40 per cent.
• Malaysia and Kazakhstan will each be subject to 25 per cent tariffs.
• Indonesia will be subject to a 32 per cent tariff.
• South Africa and Bosnia and Herzegovina will have a 30 per cent tariff.
• Japan, South Korea, and Tunisia will each be subject to a 25 per cent tariff on US exports from August 1.

ALSO READ: India Gets Temporary Relief From Trump’s 10% BRICS Tariff Threat, But With THIS Warning

Remaining firm, Trump suggested some nations might receive lower tariffs if they change their trade policies. "We're not going to be unfair about it… Actually, it's a small fraction compared to what we should be getting," he stated. Earlier this year, Trump released new tariff rates — some of which were as much as 50 per cent on some of US's major trading partners, which prompted a short market sell-off and a bond market decline. Subsequently, the White House granted a three-month suspension to provide nations additional time to negotiate. White House Press Secretary Karoline Leavitt affirmed that President Trump had promised to sign an executive order prolonging the initial July 9 tariff deadline to August 1. The 90-day window promised by Trump on April 2 would compel countries into trade agreements or face higher tariffs.