We are close to making deal with India: Trump after tariff letters to 14 countries
"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," Trump said. "We're sending out letters to various countries telling them how much tariffs they have to pay."While Trump did not provide details about the structure or scope of the potential deal with India, he hinted at flexibility for countries with legitimate concerns."Some will maybe adjust a little bit depending if they have a cause," he added. "We're not going to be unfair about it." On Monday, Trump expanded tariffs on imports from Japan, South Korea, Myanmar, Laos, South Africa, Kazakhstan, Malaysia, Tunisia, Indonesia, Bosnia, Bangladesh, Serbia, Cambodia, and Thailand.The tariff slabs will come into effect from August 1. According to letters posted by Donald Trump on Truth Social, the United States will impose a new round of tariffs. South Korea and Japan will each face a 25% tariff. Myanmar and Laos are set to be hit with 40% tariffs, while South Africa will face a 30% tariff. Kazakhstan, Malaysia, and Tunisia will each be subject to 25% tariffs.While Indonesia will see a 32% tariff, and Bosnia and Herzegovina will be hit with 30%. Bangladesh and Serbia will each face 35% tariffs. Cambodia and Thailand are both set to receive the highest rates in this round, with 36% tariffs imposed on their goods.Earlier, Trump had issued a warning to countries aligning with what he called the "anti-American policies" of the Brics alliance -- which includes India. In a post on Truth Social, he stated, "Any country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter."- EndsWith inputs from Reuters
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