Live now
Last Updated:July 08, 2025, 06:08 IST
Trump Tariffs Live: Donald Trump started sending tariff letters to the trading partners on Monday. Japan and South Korea were the first nations on the list.

Donald Trump sends letters to trading partners (AP Image)
Donald Trump Tariffs Live Updates: US President Donald Trump on Monday sent tariff letters to 14 nations, with Japan and South Korea being the first recipients, imposing taxes ranging from 25% to 40% on their imports, as he started dispatching the first batch of letters to various nations, days before his deadline for trade partners to reach new deals expires.
Trump made the announcement on his Truth Social platform, stating that the tariff letters and/or deals would be delivered to various nations around the world. The timing for the first tariff letter to be sent by Trump will be 9:30 PM India Standard Time (IST).
“I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America,” the US President wrote.
Additionally, in a separate post, Trump also threatened an additional 10% tariff on countries aligning with the emerging BRICS bloc, accusing them of “anti-Americanism” after they criticised his trade policies at a summit held in Brazil’s Rio on Sunday.
Meanwhile, US Treasury Secretary Scott Bessent said the re-imposed tariffs would not take effect until 1 August, giving negotiators a few extra weeks to reach agreements.
FOLLOW LIVE UPDATES HERE:
Trump Tariff News Live Updates: Trump Says He's 'Not 100% Firm' On August 1 Deadline
Donald Trump said that he was “not 100% firm” on the August 1 deadline to make a trade deal with the US.
“I would say firm but not a 100 per cent firm. If they call up and they say we would like to do something in a different way, we will be open to that,” he told reporters.
Trump Tariff News Live Updates: Trump Says US Close To Making Deal With India As He Sends Letters To 14 Other Nations
Donald Trump said that the US is 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. We’re sending out letters to various countries telling them how much tariffs they have to pay. Some will maybe adjust a little bit depending if they have a cause, we’re not going to be unfair about it,” Trump said.
Trump Tariff News Live Updates: BRICS Tariff To Be Applied Only If Their Policies Are 'Anti-American', Says Report
The Trump administration will not immediately proceed with the imposition of an additional 10% tariff against the BRICS nations, but will impose the levies if the nations take “anti-American” policy actions, news agency Reuters reported, citing source on Tuesday.
Trump Tariff News Live Updates: How Did China React To Trump's BRICS Tariff Threat
China said on Monday that BRICS is not seeking confrontation, after US President Donald Trump threatened to impose an additional 10% tariff on countries aligning with the grouping.
Talking to reporters, Mao Ning, China’s foreign ministry spokesperson, said, “Regarding the imposition of tariffs, China has repeatedly stated its position that trade and tariff wars have no winners and protectionism offers no way forward.”
Trump Tariff News Live Updates: What The Progress Of India-US Trade Talks?
As per reports, a deal between India and the US is likely by July 9, the three-month deadline for the tariff pause. However, no official confirmation has come from either side on the matter.
President Donald Trump sent out tariff letters to 14 nations on Monday, however, India has not yet featured on that list.
Trump Tariff News Live Updates: Trump Says He's Ready To Lower New Tariffs If Nations Change Trade Policies
US President Donald Trump said earlier that he was ready to lower new tariffs if the countries changed their trade policies.
“We will, perhaps, consider an adjustment to this letter,” he said.
Trump Tariff News Live Updates: US Stocks Retreat From Records On Trump Tariff Deluge
Stock markets were mixed on Monday with US indices retreating from records as President Donald Trump’s aggressive trade policy came back to the forefront, reviving worries about trade wars and inflation, news agency AFP reported.
Trump Tariff News Live Updates: What Are The New Tariff Range Announced In Trump Letters?
Donald Trump imposed tariffs ranging from 25% to 40% in the letters he sent out to leaders of 14 countries on Monday.
Trump Tariff News Live Updates: Has Trump Changed Tariff Rates?
Donald Trump has lowered tariffs on some countries, in comparison to the original levies announced on April 2.
Kazakhstan received 25% tariffs in the letter, which was 2% less than the April 2 tariffs.
Laos got 40% in the letter, down from 48% on April 2.
Myanmar was handed over 40% tariffs in the letter, which came down from 44% imposed three months ago.
Trump Tariff News Live Updates: Which Countries Have Escaped Trump Letters?
The UK and Vietnam have escaped Donald Trump’s letters imposing tariffs on the US trading partners, as the two countries have signed trade deals with the United States.
India is already negotiating a trade deal with the US and reports claimed that a deal could be struck or announced before the July 9 deadline.
Trump Tariff News Live Updates: Trump's Letters Reach 14 Nations In First Phase
Donald Trump dispatched letters to the leaders of 14 countries in the first phase of his letter-spree to the trading partners, reminding them of the deadline for tariff pause and imposing tariffs on them on failure to strike a deal before August 1.
Trump Tariff News Live Updates: Trump Sends Letters To 6 Other Countries
Donald Trump posted letters to the leaders of six other countries, as he announced tariffs on 14 countries in total on Monday.
Bangladesh was slapped with 35% tariffs.
Thailand: 36%Cambodia: 36%Serbia: 35%Bangladesh: 35%Indonesia: 32%Bosnia and Herzegovina: 30%Trump Tariff News Live Updates: Tunisia Gets Latest Letter From Trump
Tunisia was the latest to receive a tariff letter from US President Donald Trump, as he announced to impose 25% levy on the imports from the country.
Trump Tariff News Live Updates: Which Countries Take A Hit In Trump's Letters? Full List
Donald Trump on Monday started sending letters to the leaders of several countries regarding tariffs.
Trump Tariff News Live Updates: BRICS Members Respond Coolly To Trump's Threats, Except Host Brazil
BRICS members, including China, Russia and South Africa, responded coolly to Donald Trump’s latest threat of additional 10% tariffs, and stressed that the bloc was not seeking a confrontation with the US.
However, host Brazil’s President Luiz Inacio Lula da Silva seemed less diplomatic, AFP reported.
“We are sovereign nations. We don’t want an emperor,” he said.
Trump Tariff News Live Updates: Trump's Threats Clouds Final Day At BRICS Summit
US President Donald Trump’s threat to impose “anti-American policies” of BRICS nations, which also include India, China, and Russia, with an additional 10% tariff, clouded the final day of the bloc’s Summit in Rio de Janeiro on Monday, AFP reported.
Trump’s threat came after the BRICS members warned against his “indiscriminate and illegal tariff hikes”.
Trump Tariff News Live Updates: Trump Sent Letters To 7 Countries So Far
US President Donald Trump has sent letters to the leaders of seven countries so far on Monday (local time), as the deadline for the tariff pause nears on Wednesday.
Japan and South Korea were the first countries to receive the letters, while Malaysia, Kazakhstan, South Africa, Lao, and Myanmar became the following countries.
Trump Tariff News Live Updates: World Leaders 'Begging' Trump To Come To Deal, Says White House
White House Press Secretary Karoline Leavitt said on Monday that the world leaders are “begging” President Donald Trump to come to a deal.
Trump Tariff News Live Updates: US Sends Letters To 5 More Nations
US President Donald Trump on Monday sent tariff letters to five more nations, imposing tariffs, starting August 1. This takes the total number of countries to have received letters to 7, with Japan and South Korea being the first receivers of letters.
Malaysia: 25%Kazakhstan: 25%South Africa: 30%Lao: 40%Myanmar: 40%Trump Tariff News Live Updates: White House On BRICS 'Growing Stronger'
The White House on Monday said that President Donald Trump was closely monitoring the BRICS Summit, which is why he put out a statement on social media.
“He’s closely monitoring, which is why he put out a statement. He does not perceive these countries as growing stronger, he just perceives them as trying to undermine the US interests. That’s not okay with him, no matter how strong or weak a country may be,” the White House said, while responding to question whether Trump believes BRICS is getting stronger.
Trump Tariff News Live Updates: President Wants To Cut Best Deals For Americans, Says White House
The White House said on Monday that President Donald Trump wants to cut the best deal for the Americans and check “which countries have hollowed us out”.
“There will be approximately 12 other countries that will receive notifications and letters directly from the President… The administration, the President, and his trade team want to cut the best deals for the American people and the American worker,” White House Press Secretary Karoline Leavitt said.
“He is looking out at the world map and seeing which countries have hollowed us out. The President is taking deliberate approach to correcting this wrong, this ravaging of our middle class,” she added.
Trump Tariff News Live Updates: President Making Tailor-Made Trade Deals, Says White House
White House Press Secretary Karoline Leavitt on Monday said that US President Donald Trump was making “tailor-made trade deals” for countries.
“The President is making tailor-made trade deals. Approximately 12 more nations will receive the letters. The letters will be posted on Truth Social,” she said at the White House briefing.
Trump Tariff News Live Updates: Trump's Trade Adviser On If He Was Disappointed In Number Of Trade Deals So Far
Donald Trump’s trade adviser, Peter Navarro, responded to a question on whether he was disappointed in the number of trade deals achieved so far, and said that he was happy with the progress made.
“Every country that we run a major deficit with is fully engaged,” he told CNBC on Monday.
Trump Tariff News Live Updates: White House Briefing Begins
White House press briefing by Press Secretary Karoline Leavitt began on Monday. She initially spoke about the central Texas flash floods and is expected to address the Trump tariff issue.
Trump Tariff News Live Updates: US Treasury Secretary Says A Number Of Deals Coming Up
US Treasury Secretary Scott Bessent told CNBC in an interview on Monday that there are a number of deals coming up in the next 48 hours, as the deadline for the tariff pause ends on Wednesday.
“We are going to have several announcements in the next 48 hours. We’ve had a lot of people change their tune in terms of negotiations. So my mailbox was full last night with a lot of new offers, a lot of new proposals,” AFP quoted him as saying.
Trump Tariff News Live Updates: What Is Trump's 'Liberation Day'?
Donald Trump announced sweeping tariffs on several countries, including India, on April 2, which he called “Liberation Day”, as he claimed that the US was being “ripped off” for years.
Trump Tariff News Live Updates: Trump Says He's Ready To Modify Tariffs 'Downwards'
In his letters to Japan and South Korea, Donald Trump on Monday said that he was ready to modify tariffs “downwards” if both countries changed their trade policies.
Japan’s Prime Minister Shigeru Ishiba on Sunday had said that he would not easily compromise in trade talks with the US.
Trump Tariff News Live Updates: White House Briefing Shortly
The press briefing by White House Press Secretary Karoline Leavitt will commence shortly on the new tariffs by US President Donald Trump.
Trump Tariff News Live Updates: How Did US Stocks React After Trump's Announcement?
The US stocks dropped further after Donald Trump’s latest tariff announcements on Japan and South Korea.
The Dow dropped by as much as 530 points, or 1.2%. The S&P 500 went down by 0.87%, and the Nasdaq also fell by 0.9%, CNN reported.
Trump Tariff News Live Updates: Trump Threatens Japan, South Korea
Donald Trump, in his letters to the leaders of Japan and South Korea, threatened that if they retaliate against the 25% tariff announced by him in the letters, the same will be added to the newly levied tariffs on both nations.
Trump Tariff News Live Updates: What Did Trump Write In Letters To Japan And South Korea?
In near-identically worded letters to the leaders of Japan and South Korea, which he posted on Truth Social, Donald Trump said that the tariffs would come into effect starting August 1, as their trading relationships with Washington were “unfortunately, far from Reciprocal”.
Trump Tariff News Live Updates: US Markets Sink After Trump Announces 25% Tariffs On Japan, South Korea
The US market sank shortly after Donald Trump announced 25% tariffs on Japan and South Korea on Monday. He sent the first letters to these two countries, as he announced on Sunday that he would send tariff or deal letters to trading partners ahead of the deadline.
Trump Tariff News Live Updates: Trump Sends First Letters To Japan, South Korea, Imposes 25% Tariffs
Donald Trump sent the first tariff letters to Japan and South Korea on Monday and imposed 25% tariffs on both countries starting August 1.
He posted the letters on Truth Social, the social media platform owned by him.
Trump also shared a letter sent to South Korea.
Trump Tariff News Live Updates: What Trump Said On Trade Deals With Partner Countries?
Donald Trump on Sunday said that the US was close to sealing trade deals with several countries in the near future and will send out notifications to other nations regarding higher tariffs by the end of three-month pause date — July 9.
Trump Tariff News Live Updates: What Trump's Tariffs Letters May Include?
Trump’s Treasury Secretary Scott Bessent has said that the letters that will be sent out tonight will inform trading partners of the tariff rates their countries would face when trading with the US, unless they want to “come back and try to negotiate”.
Trump Tariff News Live Updates: Which Countries Have Signed Trade Deal With US So Far?
So far, only the UK and Vietnam have signed trade deals with the US. The US and China have temporarily agreed to lower tariffs on each other’s products, which shot up to three digits since Trump’s Liberation Day in April.
Trump Tariff News Live Updates: What Was Trump's Baseline Tariffs?
Donald Trump had imposed a 10% baseline tariff on imports from almost all countries in early April, while some countries, including India, faced higher tariffs. The European Union faced 20% tariffs.
As markets crashed globally, Trump halted the hike in tariffs for 90 days to give room for talks. The deadline ends on July 9.
However, the US government has extended the actual tariff re‑imposition date to August 1.
Trump Tariff News Live Updates: Trump Expected To Send Letters To Trading Partners Shortly
Donald Trump is expected to send the first batch of letters to around 15 trading partners at 9.30 pm IST today. The letters is likely to issue a warning that the US will raise tariffs again if they fail to make trade deals with Washington before the August 1 deadline.
Trump Tariff News Live Updates: Trump Aggressive Trade Policy Faces Critical Week
US President Donald Trump’s trade policy faces a critical week as he aims to seal bilateral deals with various countries, ahead of the August 1 deadline for the pause on tariffs to get lifted on several countries.
Trump Tariff News Live Updates: Kremlin Says BRICS Not Targeting Others After Trump's Tariff Warning
Kremlin spokesman Dmitry Peskov on Monday said that the BRICS grouping of emerging economies “has never been and will never be” aimed at countering other countries following US President Donald Trump’s threat to impose extra tariffs on BRICS members.
On Sunday, BRICS leaders had described Trump’s tariff war as “indiscriminate” and damaging.