Trump issues tariff letters to seven countries

Reuters
Reuters

President Trump announced steep new tariffs on seven more countries starting 1 August, intensifying his push for what he calls "fair trade" amid rising global tensions.

U.S. President Donald Trump confirmed on Wednesday that tariffs ranging from 20% to 30% will be imposed on goods from seven additional countries—Algeria, Sri Lanka, Brunei, Iraq, Libya, Moldova, and the Philippines—starting 1 August.

According to letters shared on Truth Social, the Philippines will face 20% tariffs, Brunei and Moldova 25%, and Iraq, Algeria, Sri Lanka and Libya 30%.

Trump emphasized that these measures are aimed at correcting long-standing trade imbalances and warned that any retaliation would prompt even higher U.S. tariffs.

The new wave follows previously announced duties on countries including Japan, South Korea, and others, as part of an expanded executive order signed earlier this week.

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