<h1>US President threatens 14 countries with up to 40% tariffs unless trade deals reached by August 1</h1> The US President sent letters to 14 countries Monday announcing higher tariffs unless they reach trade deals by August 1. Tariff rates range from 25% to 40%, with Myanmar and Laos facing the highest at 40%. Cambodia received 36% tariffs, down from previously announced 49%. Key affected exports include clothing, electronics, automotive parts, and agricultural products. Several countries including Thailand, Bangladesh, Japan, and South Korea indicated willingness to negotiate. The President warned against retaliatory measures and threatened even higher tariffs for countries that increase their own import taxes in response.