Trump sent letters to 14 countries threatening them with new tariffs, and the White House said more countries may be included in the coming days.

The letters listed a range of tariffs. Goods entering the U.S. from Japan, South Korea, Malaysia, Kazakhstan, and Tunisia will be subject to a 25 percent levy. There will be a 30 percent levy on South African and Bosnian goods, while imports from Indonesia will be subject to a 32 percent rate.

President Trump announced steep new tariffs in Truth Social posts on 14 countries starting on August 1st. NBC News Senior White House Correspondent Garrett Haake and NBC News Business and Data Correspondent Brian Cheung join Ana Cabrera to report the latest updates.