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Trump's Tariffs Spark Global Trade Turmoil and Negotiations

7/9/2025

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Summary

Story summary

Donald Trump is shaking up international trade with new tariff rates, hitting 14 countries with increases up to 40%. Japan, South Korea, Malaysia, Kazakhstan, and Tunisia will face a 25% hike, while Laos and Myanmar are hit hardest at 40%. As nations scramble to renegotiate, South Korea is ramping up discussions by August 1, while South Africa's president decries the 30% rate as unfair.

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Story summary

Donald Trump is shaking up international trade with new tariff rates, hitting 14 countries with increases up to 40%. Japan, South Korea, Malaysia, Kazakhstan, and Tunisia will face a 25% hike, while Laos and Myanmar are hit hardest at 40%. As nations scramble to renegotiate, South Korea is ramping up discussions by August 1, while South Africa's president decries the 30% rate as unfair.