Trump announces 35% tariffs on imports from Serbia effective August 1

The US has decided to impose customs tariffs of 35% on imports from Serbia, effective August 1, Report informs.

US President Donald Trump announced the decision in a message addressed to Serbian leader Aleksandar Vucic, which he posted on July 7 on his Truth Social account.

According to the document, should the Serbian authorities decide to impose retaliatory tariffs against Washington, the United States will raise its tariff rate on Serbian imports accordingly. Trump warned that the rate would increase by the amount that Belgrade chooses to impose.

In addition, Trump has sent notifications regarding the introduction of tariffs to the leaders of several other countries. The tariff rates for these nations will be as follows: Tunisia, 25%; Bosnia and Herzegovina, 30%; Indonesia, 32%; Bangladesh, 35%; Cambodia, 36%; and Thailand, 36%.

Earlier on Monday, Trump announced 25% tariffs on imports from Kazakhstan, South Korea, Japan, and Malaysia. He also introduced tariffs on imports from South Africa (30%), Laos (40%), and Myanmar (40%).