New Delhi, July 8 -- US President Donald Trump has announced a sweeping set of new tariffs, effective 1 August, on imports from more than a dozen countries, including key Asian economies such as Thailand, Cambodia, Bangladesh, Indonesia, Malaysia, Japan, and South Korea.

India, notably, remains off the list-for now-amid ongoing negotiations over a bilateral trade agreement (BTA), which remains unsigned on the President's desk.

Trump announced the tariffs through letters posted on his social media platform Social Truth. Laos and Myanmar were hit the hardest, facing duties up to 40%. Thailand retained its 36% duty from April, while Cambodia saw a slight reduction to 36% from 49%. Bangladesh's rate dropped to 35% from 37%, and Indonesia he...