US stocks dropped on Monday after President Donald Trump gave an update on the trade war. In a later slew of posts, the president also said the US would implement a 25% tariff on Malaysia and Kazakhstan, a 30% tariff on South Africa, and a 40% tariff on Laos and Myanmar. You will never be disappointed with the United States of America," Trump added. Prior to the tariff letters being released, US Treasury Secretary Scott Bessent signaled that the US would announce more trade deals over the next 48 hours. "It's just, 'Thank you for wanting to trade with the United States of America.