Shortly after the White Home briefing, Trump introduced 5 extra nations that will likely be slapped with excessive import tariffs by the US. The listing consists of Malaysia and Kazakhstan, which have been hit with 25% tariffs.

The levies are sharper on South Africa, as its imports to the US will likely be subjected to 30% levies, in line with the tariff letter posted by Trump on his social media account.

Myanmar and Laos have been hit with 40% tariffs. The import levies will come into impact from Aug. 1.

To this point, India was not named among the many nations in opposition to whom tariffs will likely be levied by the US. The South Asian financial system is locked in negotiations with the Trump administration over the previous few months to hammer out a bilateral commerce pact.