Washington, July 10, (dpa/GNA) – US President Donald Trump, on Wednesday sent letters to six more countries that dictate steep new tariff rates as of August 1.
Trump posted the two-page letters – addressed to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq and Libya – on his Truth Social platform.
The latest batch comes two days after he sent letters to 14 countries, including key allies Japan and South Korea, telling them to expect higher tariffs unless a new trade deal can be struck.
Algeria, Libya and Iraq face tariff rates of 30%, while Brunei and Moldova were threatened with 25% and the Philippines 20%.
Trump has been rolling out new tariff rules for goods entering the US since Monday, when he also extended a 90-day pause on his so-called reciprocal tariffs first announced on April 2.
The tariffs have sent heads spinning in corporate boardrooms and foreign capitals. Investors, however, seem to be taking the news in their stride as US stocks continue to push higher.
Trump said on Tuesday, he will stick to his August 1 deadline, writing on Truth Social: “No extensions will be granted.”
GNA