Former President Trump threatened 14 countries with increased tariffs if trade deals aren't reached by August 1st. The letters, published on Truth Social, warned of even higher tariffs if countries retaliate. Tariffs range from 25% to 40%, impacting various exports including clothing, electronics, and agricultural products. Affected countries, including Myanmar, Cambodia, Thailand, and South Africa, expressed intentions to continue negotiations with the U.S. to avoid the impending tariffs.

Prepared by Christopher Adams and reviewed by editorial team.