Trump sends letter imposing tariffs on 14 countries from August 1

Date posted:

Updated date: 08/28/2025
tariff

Index

US tightens tariff battleground: 14 countries affected

On July 8, US President Donald Trump announced new tax from 25% to 40% with goods from 14 countries, including Japan, South Korea, Thailand, Malaysia, Indonesia... Although the high tax rate was temporarily suspended from July 9, Mr. Trump sent direct mail to each head of state, warning that All “concessions” are valid until August 1st..

Sky-high tax rates specifically:

  • 40% for goods from Myanmar and Laos
  • 36% with Thailand and Cambodia
  • 35% for Serbia and Bangladesh
  • 32% with Indonesia
  • 30% for South Africa
  • 25% for Malaysia and Tunisia, South Korea and Japan

Trump declared the tariffs would “increase or decrease, depending on the relationship with each country”, causing many countries to worry about policy instability.

Global financial turmoil: Gold rises, USD strengthens, Euro reverses trend

After Trump's statement:

  • Gold price recovered to $3,330/oz on geopolitical and trade risk concerns.
  • USD up as safe haven money flows into the US.
  • Euro unexpectedly strengthened as investors assessed that Europe could indirectly benefit if Asian countries were hit with tariffs.
  • Bitcoin slightly adjusted to 109,000 USD, due to cautious sentiment towards new policies.

Geopolitics heats up again: Musk, Ukraine, Middle East tensions continue

  • Elon Musk continues to stir up American politics with plans to form a new party – threatening to split the Republican Party. Trump calls this “utterly ridiculous”.
  • America declares to send more defensive weapons to Ukraine, despite Russia controls 2 more areas in Donetsk and Kharkov.
  • In the Middle East, Israel continues to launch heavy airstrikes on Yemen, pushing oil prices into a stalemate as OPEC+ still maintains its stance on increasing production.

Market reaction and suggested investment strategy

Amid resurgent trade tensions:

  • Short term trader You should closely monitor the gold price range of 3250–3456 USD/oz, waiting for a clear breakout to enter an order.
  • Forex investor USD, EUR, JPY related pairs can be considered when tax policy directly affects capital flows in the Asian region.
  • With stocks, technology, defense, and energy sectors could benefit in the coming period if the US increases spending in these areas.

The market is entering a sensitive phase.

Job Trump tightens taxes on a series of occasions, coupled with geopolitical instability and domestic US political signals – from Musk comes to Ukraine's aid – is bringing financial markets into highly sensitive stateInvestors need to calmly monitor news and price reactions, and at the same time Avoid FOMO when the main trend is unclear.

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