President Donald Trump has sent out a new round of tariff threats ahead of his latest implementation deadline.
After sending out 10 letters on Monday, Trump added seven more on Wednesday, which was supposed to be the implementation deadline for “Liberation Day” tariffs.
Instead, the new implementation date will be Aug. 1, giving the Trump administration time to continue trade negotiations with countries around the world.
Wednesday’s letters included 20% import duties on the Philippines, 25% on Moldova, 30% on Iraq, 30% on Algeria, 30% on Libya, 25% on Brunei, and 30% on Sri Lanka.
“We have decided to move forward with you, but only with more balanced, and fair, TRADE,” reads the letter to Brunei. “Therefore, we invite you to participate in the extraordinary Economy of the United States, the Number One Market in the World, by far.”
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Author: Dillon B
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