US President Donald Trump has announced fresh tariffs effective 1 August on imports from 14 countries, mainly in Asia. India is not on the list, as a pending trade deal with the US remains under negotiation. The move boosts India’s export edge while putting pressure on regional competitors.

BulletsIn

• New tariffs hit 14 countries; duties up to 40%
• Laos, Myanmar face steepest hike; 40% duties imposed
• Japan, South Korea now face 25% tariffs for first time
• Thailand, Cambodia, Bangladesh, Indonesia also affected
• Malaysia’s tariff raised to 25%, Serbia to 35%, Bosnia to 30%
• India excluded from list amid pending trade agreement talks
• Indian goods gain price edge in textiles, electronics, toys
• Trade deal with India cleared by USTR, awaits Trump’s sign-off
• July 9 deadline looms for trade pause; may extend to Aug 1
• Trump cites national security, large trade deficits as reasons