With nan latest information of letters, nan full number of nations targeted nether Trump's widening tariff schedule has now risen to 20. These tariffs are group to return effect connected August 1, unless negotiations lead to replacement agreements.
US President Donald Trump connected Wednesday announced caller tariffs connected six countries, issuing charismatic letters detailing nan measures. The caller tariffs see a 30% levy connected Iraq, Algeria, and Libya. These tariffs are group to return effect connected August 1, unless negotiations lead to replacement agreements.
As per nan Truth Social station connected Wednesday, caller import tariffs were imposed connected six countries: Algeria, Brunei, Iraq, Libya, Moldova, and nan Philippines.
Here’s nan country-wise tariff breakdown:
Algeria: 30%
Brunei: 25%
Iraq: 30%
Libya: 30%
Moldova: 25%
Philippines: 20%
This action follows Trump’s earlier notices to 14 countries, accusing them of fueling waste and acquisition deficits and obstructing US exports. With nan latest round, nan full number of nations targeted nether his widening tariff schedule has now risen to 20.
Negotiations for caller waste and acquisition agreements betwixt nan US and its trading partners commenced pursuing nan announcement of "reciprocal" tariffs by President Trump successful April.
During a furniture gathering connected Tuesday, Trump remarked that “a missive intends a deal,” emphasizing nan value of his caller communications. He separately confirmed that nan caller tariffs would beryllium enforced from August 1, 2025, without immoderate anticipation of delay.
Posting connected Truth Social, he wrote: “As per letters sent to various countries yesterday, and those that will travel today, tomorrow, and complete nan coming days, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. This day remains unchanged and will not beryllium altered. In different words, each payments will go owed starting AUGUST 1, 2025—no extensions will beryllium granted. Thank you for your attraction to this matter!”
Speaking astir BRICS, which includes India and China, Trump asserted that nan bloc was created to “hurt” nan United States and undermine nan dollar. He warned that countries belonging to BRICS would beryllium taxable to a 10% tariff, stating, “They person to salary 10 per cent if they are successful BRICS.”
Previously, Trump signed an executive bid postponing nan commencement day for astir of these tariffs from nan primitively planned Wednesday to August 1, pinch China remaining nan only objection still taxable to nan first timeline.
These caller tariffs are portion of Trump’s broader strategy to realign world waste and acquisition successful favour of nan United States. He contends that nations pinch ongoing waste and acquisition surpluses utilization nan US system and has urged overseas businesses to displacement manufacturing operations to American ungraded to sidestep nan caller tariffs.
Published on: Jul 9, 2025 9:49 PM IST