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According to Odaily, U.S. President Donald Trump announced on July 9 via the social media platform 'Truth Social' that new tariffs will be imposed on eight countries. The affected nations include Brazil, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka.
The tariffs will vary by country, with Brazil facing a 50% tariff. Libya, Iraq, Algeria, and Sri Lanka will see a 30% tariff, while Brunei and Moldova will be subject to a 25% tariff. The Philippines will have a 20% tariff imposed. These new rates are set to take effect on August 1.
This announcement is part of a broader initiative, as Trump has already sent tariff notifications to 22 countries.
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Trump Unleashes New Wave of Tariffs on Eight Nations, Brazil Hit Hardest
Washington D.C. – In a significant escalation of his "America First" trade agenda, U.S. President Donald Trump announced on July 9, via his social media platform 'Truth Social', the imposition of new tariffs on an additional eight countries, effective August 1. This move comes as part of a broader initiative, with Trump having already sent tariff notifications to 22 countries worldwide.
The newly targeted nations and their respective tariff rates are:
Brazil: A substantial 50% tariff.
Libya, Iraq, Algeria, and Sri Lanka: Each facing a 30% tariff.
Brunei and Moldova: Subject to a 25% tariff.
The Philippines: Will see a 20% tariff imposed.
These sweeping new duties are set to take effect on August 1, signaling a firm deadline from the Trump administration with no further extensions expected. The President has consistently argued that these tariffs are necessary to rectify long-standing trade imbalances and protect American industries and jobs.
