Tariff Announcement Highlights: US Slaps Tariffs On Japan, South Korea, Malaysia, Myanmar, Laos— Check Details
Japan and South Korea were hit with a 25% levy, while other countries ranging from South Africa to Laos were slapped with 30%-40% tariffs.
US Trade Deal Live: Wrapping Up
And now, we come to an end of NDTV Profit's trade deal coverage for the day.
Stay tuned for the much anticipated US-India trade agreement to drop soon, and until then, catch you on the flip side!
This live blog has ended.
US Trade Deal Live: Trump Announces Tariffs On Kazakhstan, Malaysia, South Africa, Myanmar, Laos
Kazakhstan, Malaysia have been sent 25% tariff letters.
South Africa gets 30% tariffs via letter.
Myanmar, Laos get 40% tariff letters.
US Trade Deal Live: World Leaders 'Begging' Trump To Come To A Deal, Says Leavitt
Countries will take letters seriously, White House Press Secretary Karoline Leavitt says.
"World leaders begging Trump to come to a deal," she says at a press conference.
More letters coming on Truth Social, Leavitt says.
US Trade Deal Live: Leavitt On BRICS Tariffs
BRICS is seeking to undermine the interests of US, said Leavitt, adding that President Trump will take any action to prevent countries from taking advantage of the United States.
Trump doesn't see these countries as growing stronger, she added.
US Trade Deal Live: 12 Countries To Receive 'Tariff Letters' Today
There will be 12 countries receiving tariff letters today, stated Leavitt in the Q&A. Japan and South Korea have both already been imposed with 25% tariffs.
Executive orders will also be signed, with tariffs being levied starting Aug. 1, she added.
