Global Daily Tax News, US Alters Reciprocal Tariff Rates For 10 Countries, (Jul 9, 2025)

Following the US Administration's announcement of a three-week delay to the reinstatement of the so-called reciprocal tariffs until August 1, US President Donald Trump has confirmed updated future tariff rates for 14 countries.

The reciprocal tariffs were to be restored on America's trading partners after a 90-day pause on July 9, 2025. Presently, the US is currently levying a 10 percent tariff rate on all of the covered trade partners in lieu of these tariffs. However, Trump has warned that countries face an additional ten percent levy for "aligning" with "anti-American policies" of the BRICS countries – Brazil, Russia, India, China, and South Africa.

While some rates are unchanged compared with those announced in April 2025, the newly announced reciprocal tariff rates that would be imposed from August 1 are as follows:

• Bangladesh (35 percent, down from 37 percent);

• Bosnia and Herzegovina (30 percent, down from 35 percent);

• Cambodia (36 percent, significantly down from 49 percent);

• Indonesia (32 percent, in line with the April rate);

• Japan (25 percent, up from 24 percent in April);

• Kazakhstan (25 percent, down from 27 percent in April);

• Laos (40 percent, down from 48 percent);

• Malaysia (25 percent, up from 24 percent);

• Myanmar (40 percent, down from 44 percent);

• Serbia (35 percent, down from 37 percent);

• South Africa (30 percent, in line with the April rate);

• South Korea (25 percent, in line with the April rate);

• Thailand (36 percent, in line with the April rate); and

• Tunisia (25 percent, down from 28 percent).