US President Donald Trump signed an executive order on Thursday imposing reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations.
Reuters reported today that tariff ates were set at 25% for India's U.S.-bound exports, 20% for Taiwan's and 30% for South Africa's as the rates increases range from 25% to 35%.
Goods transhipped to another country to evade the new tariffs will be subject to a transshipment levy of 40%, according to a White House fact sheet.
Malaysia now faces a 19 per cent tariff rate on its goods exported to the US, down from 25 per cent.
The United States will impose a revised 19 per cent tariff on Malaysian imports beginning 1 August 2025, following months of bilateral negotiations aimed at easing earlier trade penalties.
The move marks a shift from Washington’s earlier announcement on 7 July that it would implement a 25 per cent blanket tariff on all Malaysian products entering the US from 1 August this year – one percentage point higher than the 24 per cent rate initially proposed in April.
US President Donald Trump said Malaysian companies could avoid the tariff altogether by choosing to build or manufacture their products within the United States.
“There will be no tariff if Malaysia, or Malaysian companies, choose to build or manufacture products within the US,” he stated.
Malaysia has been in talks with the US government since April to lower the proposed duties, with the most recent round of negotiations taking place on 18 June.
The revised 19 per cent rate is understood to be the result of those ongoing discussions, aimed at balancing US trade policy with Malaysia’s concerns over its export competitiveness.
Further details on sector-specific exemptions or implementation mechanisms have yet to be disclosed.
Trump’s executive order has increased tariffs on Canadian goods to 35% from 25% on all products not covered by the U.S.-Mexico-Canada trade agreement, the White House said.
The increased tariff, which the White House said was the result of Canada's "continued inaction and retaliation," comes after Trump told reporters that Canadian Prime Minister Mark Carney reached out ahead of an August 1 tariff deadline, but no conversations between the two took place.
Trump has warned that any country that does not strike a deal with the U.S. before Friday will be subjected to higher tariffs imposed on goods.
"We haven't spoken to Canada today. He's (Carney) called and we'll, we'll see," Trump told reporters during an event at the White House before the 35% rate was announced.
Carney's office did not immediately respond to a request for comment.
The Canadian leader previously said trade talks with Washington had been constructive, but the talks may not conclude by the deadline. Talks between the two countries were at an intense phase, he added, but a deal that would remove all U.S. tariffs was unlikely.
Earlier on Thursday, Trump said it would be "very hard" for the U.S. and Canada to strike a deal after Ottawa moved toward recognizing Palestinian statehood. He said later on Thursday, however, that he did not view the move as "a deal breaker" in trade talks.
"Well, they have to pay a fair rate - that's all. It's very simple. They have been charging very, very high tariffs to our farmers, some over 200% and they've been treating our farmers very badly," Trump said when asked about negotiations.
He added that while he loves Canada, it has treated the United States "very badly" for years.
U.S. Commerce Secretary Howard Lutnick said Trump could reconsider the tariff if Carney "starts turning on the charm and if he takes off his retaliation."
Meanwhile, the reciprocal tariffs range from 10 per cent to 41 per cent.
Malaysia now faces a 19 per cent tariff rate on its goods exported to the US, down from 25 per cent.
Levies on Singapore goods exported to the US remain at 10 per cent. And, the tariff rate for Myanmar and Laos stands at 40 per cent. Both countries did not strike deals with the US.
While, Cambodia and Thailand both saw a reduced tariff rate of 19 per cent from the previously threatened 36 per cent.
The lowered rate comes after the two Southeast Asian nations agreed to an immediate and unconditional ceasefire after Trump had threatened not to make trade deals with either country if they continued fighting over a border dispute.
The Philippines and Indonesia face duties of 19 per cent, as per their previously agreed-upon trade deals with the US.
Tariffs on Vietnamese goods exported to the US will face a 20 per cent tariff as previously agreed upon with Washington. Syria faces a 41 per cent tariff rate.
"The president has determined that it is necessary and appropriate to modify the reciprocal tariff rates for certain countries," the White House said in a fact sheet.
No final decision has been made on China, said a senior US official. US and Chinese officials on Jul 29 agreed to seek an extension of their 90-day tariff truce that is set to expire on Aug 12 – though Trump has yet to officially agree to the extension. - August 1, 2025
