Trump's tariff deadline extended to August 1, Japan, South Korea and other countries face a minimum tariff rate of 25%

According to Jinshi Data, on July 8, U.S. President Trump signed an executive order postponing the effective date of reciprocal tariffs and the negotiation deadline from July 9 to August 1. In addition, he sent the first batch of tariff letters to 14 countries, and starting from August 1, a 25% tariff will be imposed on Japan and South Korea, a 25% tariff will be imposed on Malaysia, Kazakhstan, and Tunisia, South Africa will face a 30% tax rate, and Laos and Myanmar will be subject to a 40% tariff. Other affected countries include Indonesia (32%), Bangladesh (35%), Thailand and Cambodia (36%), Bosnia and Herzegovina (30%), and Serbia (35%). [Deep Tide TechFlow]