Overview

• President Trump pushed back negotiations to August 1 and warned Japan and South Korea they would face 25% tariffs on imports if talks stall
• A new U.S.-Vietnam agreement levies 20% duties on most goods and 40% on any shipments deemed transshipped
• Cambodia, Myanmar and Laos could incur duties up to 40%, while BRICS-aligned countries risk an additional 10% surcharge
• The Justice Department elevated trade and customs fraud to its second-highest white-collar priority to curb tariff evasion and origin manipulation
• China’s Commerce Ministry condemned the U.S. measures and vowed resolute countermeasures as key terms like “transshipment” remain undefined