TACO Hits Seven More Countries With New Tariffs

NBC News reports:

President Trump posted more letters to other countries, including the Philippines, Iraq and Moldova, outlining what the tariff rates on their goods will be if they don’t reach trade agreements with the U.S. by Aug. 1.

The largest trading partner included in the batch of letters is the Philippines, with which the U.S. had a trade deficit in goods of $4.9 billion in 2024, according to the Office of the U.S. Trade Representative.

The planned tariff rates in the letters are as follows: 30% on imports from Libya, 25% on imports from Brunei, 25% on imports from Moldova, 30% on imports from Algeria. 30% on imports from Iraq, 20% on imports from the Philippines, 30% on imports from Sri Lanka.

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Trump sends new round of letters announcing tariffs on seven nations https://t.co/8FajugGaQU

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