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"The White House informs the President of Laos that due to persistent trade deficits and barriers, the U.S. will implement a 40% tariff on all Laotian products entering the U.S. starting August 1, 2025. This tariff can be avoided if products are manufactured within the U.S., and further tariffs will be imposed if Laos raises its tariffs. The U.S. states the trade deficit is a major threat to its economy and national security."