U.S. President Donald Trump on Wednesday announced a new round of tariffs on imports from six countries.
In official letters issued to the respective governments, Trump stated that tariffs ranging between 25% and 30% would take effect from August 1, 2025.
As per the letters, the US will impose a 30% tariff on goods imported from Algeria, Iraq and Libya. Imports from Brunei, and Moldova will face a 25% tariff, while the Philippines will be facing 20%.
The latest move follows Trump’s public statement on July 7 where he confirmed that the "higher duties announced in earlier months will kick in with delay on August 1, as the U.S. closes on completion of several trade deals."
Tariff letters were sent to 14 countries this month, including Japan, South Korea, and Serbia, outlining duties ranging from 25% to 40%.
Notably, the new country-specific tariffs will not stack with sector-specific levies already in effect, such as the 25% tariff on autos or 50% on steel and aluminum. This means, for instance, that Japanese vehicles will still be taxed at 25%, not increased to 50% under the latest reciprocal tariff regime.
The tariff letters are being issued amid rising global concern. Trump’s moves since taking office on January 20 have disrupted trade flows and injected uncertainty into financial markets.
In official letters issued to the respective governments, Trump stated that tariffs ranging between 25% and 30% would take effect from August 1, 2025.
As per the letters, the US will impose a 30% tariff on goods imported from Algeria, Iraq and Libya. Imports from Brunei, and Moldova will face a 25% tariff, while the Philippines will be facing 20%.
The latest move follows Trump’s public statement on July 7 where he confirmed that the "higher duties announced in earlier months will kick in with delay on August 1, as the U.S. closes on completion of several trade deals."
Tariff letters were sent to 14 countries this month, including Japan, South Korea, and Serbia, outlining duties ranging from 25% to 40%.
Notably, the new country-specific tariffs will not stack with sector-specific levies already in effect, such as the 25% tariff on autos or 50% on steel and aluminum. This means, for instance, that Japanese vehicles will still be taxed at 25%, not increased to 50% under the latest reciprocal tariff regime.
The tariff letters are being issued amid rising global concern. Trump’s moves since taking office on January 20 have disrupted trade flows and injected uncertainty into financial markets.
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