The US–Asia Tariff Tracker: Where Things Stand Now (July 14, 2025)

Tariffs between the US and Asia have been shifting so fast, it’s hard to keep track.

Over the past few months, we’ve seen multiple rounds of new tariffs, paused tariffs, retaliation measures, and policy reversals. Most businesses — even trade professionals — have lost the thread.

So we’ve compiled a simple, updated list of where things stand as of July 14, 2025. This includes the latest US tariffs on key Asian markets, and the tariffs those countries are placing on US exports in response.

If you import, export, or build supply chains that touch Asia — this matters.

New tariff waves are coming into effect — with many taking hold from August 1, 2025.

Tariffs Between the US and Asia (as of July 14, 2025)

Country	Tariffs on Imports to US	Effective Date	Tariffs on US Goods	Notes
China	30% (10% fentanyl + 20% baseline); may increase after Aug 12	Current; Aug 12 pause lifts	15%–34% on agriculture, energy, machinery	China has already retaliated and could escalate further
Japan	25% on autos, electronics; may rise to 35%	August 1, 2025	No formal retaliation yet	Japan seeking negotiation, may respond
South Korea	25% on autos, electronics	August 1, 2025	Under negotiation	Potential countermeasures being discussed
Vietnam	20% standard; 40% on transshipped Chinese goods	August 1, 2025	0% on select US goods like LNG, autos	Vietnam offering trade flexibility
Malaysia	24%–40% on general goods	August 1, 2025	~24% on US exports (WTO retaliation)	Malaysia filed formal complaint
Thailand, Cambodia, Bangladesh	35%–40% on general goods	August 1, 2025	No major change yet	ASEAN exploring options for US exports
India	Subject to US global metals tariffs	Ongoing since 2022	Retaliatory tariffs on steel, aluminum	India has filed case at WTO

What to Watch

• August 1 is when most of the new US tariffs hit.

• August 12 is when China’s temporary pause ends — we may see rates go higher.

• Some countries are trying to negotiate, while others are already retaliating.

• Tariffs are uneven across categories — autos, electronics, agriculture, and metals are the hardest hit.

What This Means for Businesses

If you’re sourcing from Asia, or exporting into these markets, these tariffs could directly affect your costs, pricing, and competitive position.

This isn’t just a policy issue. It’s a margin issue.

If you're not adjusting for a 25%–40% tariff increase, you may be underpricing without realizing it — or sourcing in a way that won’t be viable in 6 months.

Rising tariffs can affect everything from sourcing to shelf pricing — especially for imported goods.

What You Can Do Now

• Audit your sourcing — where are your inputs really coming from?

• Run cost scenarios — include 25%–40% tariff impacts in pricing.

• Talk to your partners — especially in Vietnam or Malaysia if you're concerned about transshipment rules.

• Track negotiation windows — some tariffs may be lifted, others may escalate.

We're tracking this closely. If you'd like a deeper breakdown by product category, or want help adjusting your strategy, reach out. We're here to help you make smarter moves in Asia. Try our free 5-minute SWOT Analysis Checkup →