US President Donald Trump announced new high tariffs on imports from 14 countries, effective August 1. Bangladesh faces a 35% tariff, while South Korea and Japan will have a 25% tariff. Other countries like Myanmar, Laos, South Africa, and Indonesia face tariffs ranging from 25% to 40%. This move escalates the ongoing trade tensions and follows reciprocal tariffs introduced earlier this year. The White House has sent official letters to affected countries, with possible future expansions.