US Edition
Trump threatens more countries with tariffs as high as 30%
UNITED STATES, JUL 10 – President Trump set tariffs ranging from 20% to 30% on imports from seven countries to address trade imbalances and protect U.S. economic and national security interests.
- On Wednesday, Donald Trump sent tariff letters to six countries, including a 20% rate on Philippine goods, amid his broader trade offensive.
- Prompted by his trade offensive, Trump imposed tariffs deemed 'long overdue' to address deficits and boost US manufacturing, as seen in the 25% tariff on Malaysia's goods and threats to Brazil.
- Data in the notices specify a 30% tariff on Algeria and Iraq, 25% on Brunei, Moldova, and Libya, and 20% on the Philippines, the largest partner, according to the letters.
- Trading partners have until August 1 to ship goods early and avoid higher tariffs, as the start date is postponed, providing a brief window for adjustment.
- Beyond the immediate tariffs, analysts warn of retaliation risks and market volatility, fueling global uncertainty and consumer concerns over rising prices.
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288 Articles
"When you're as stupid as Donald Trump you have no idea how stupid your stupidity sounds."
For Krasnov, English is his third language. (h/t Lawrence O’Donnell’s MSNBC show for the quote). Trump told Fox News host Maria Bartiromo he would be sending out letters as his pause on tariffs ends early next month, and cited Japan as an example....
US slaps higher 20% tariff on Philippine goods
US President Donald Trump released a fresh set of letters to trading partners on Wednesday, setting out tariff rates for six countries as Washington pushes to bring about a flurry of trade deals officials have promised.
Trump sent letters to 14 countries indicating that the massive increase in tariffs announced on April 2 will be imposed on August 1, two of the most important diktats being those directed against the so-called US allies: Japan and South Korea.
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