Trump unveils new tariff wave targeting Iraq, Libya, Algeria and others
Effective August 1, 2025, a 30% tariff will be applied to goods entering the United States from Iraq, Algeria, and Libya, with additional duties of 25% on Brunei and Moldova, 20% on the Philippines, and 30% on Sri Lanka.
Announced via his Truth Social platform, President Trump stated that the tariff directives had been 'signed by me, executed by me, and forwarded to the states indicated.'
The move extends a pattern established during his previous term, where similar measures were imposed on trade partners including China, Canada, India, and the European Union.
In a notable expansion of his trade posture, Trump warned that any country aligning with BRICS or adopting policies deemed 'anti-American' would face an additional 10% tariff, with 'no exceptions.'
While the administration views the tariffs as necessary tools to rebalance trade, the announcement has drawn concern from economists and international trade observers.
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