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Home»World»Trump sends extra letters dictating excessive tariff charges around the globe
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Trump sends extra letters dictating excessive tariff charges around the globe

VernoNewsBy VernoNewsJuly 9, 2025No Comments3 Mins Read
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Trump sends extra letters dictating excessive tariff charges around the globe
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President Donald Trump, accompanied by U.S. Secretary of State Marco Rubio (L) and U.S. Protection Secretary Pete Hegseth (R), discusses his adorning of the Cupboard Room throughout a cupboard assembly on the White Home on July 08, 2025 in Washington, DC.

Andrew Harnik | Getty Photographs

President Donald Trump on Wednesday despatched letters dictating new U.S. tariff charges on not less than seven extra nations’ imports, leaning into his aggressive method to resetting America’s world commerce relationships.

The newest letters, revealed by Trump by way of Fact Social screenshots, had been despatched to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka.

Trump had teased the announcement Tuesday night, writing on social media that he “will probably be releasing a minimal of seven International locations” on Wednesday morning and an “further variety of International locations” within the afternoon.

The brand new spherical comes two days after Trump first shared letters telling 14 nations’ leaders that their exports to the U.S. would face steep new tariffs beginning Aug. 1.

The almost an identical two-page letters signed by Trump on Monday had been despatched to Japan, South Korea, Malaysia,  Kazakhstan, South Africa, Laos, Myanmar, Bosnia and Herzegovina, Tunisia, Indonesia, Bangladesh, Serbia, Cambodia and Thailand.

The tariff charges for the 21 nations focused thus far vary from 20% to 40%. The letters notice that the U.S. will “maybe” think about adjusting the brand new tariff ranges, “relying on our relationship along with your Nation.”

The letters all say that the tariffs are “far lower than what is required to eradicate the Commerce Deficit disparity we have now along with your nation.” Trump steadily claims that commerce deficits present the U.S. is being taken benefit of, although many specialists disagree.

A variety of the nations which have obtained letters thus far are comparatively minor U.S. buying and selling companions. And whereas the U.S. has commerce deficits with all of them, a few of these gaps are minuscule.

As an illustration, America’s commerce deficit with Moldova in 2024 totaled simply $85 million, in accordance with U.S. information.

Most of the new charges are near what Trump had imposed as a part of his “liberation day” tariff rollout on April 2, which set a ten% baseline levy for almost all nations on earth and slapped a lot larger duties on dozens of particular person nations.

Learn extra CNBC politics protection

That announcement sparked every week of turmoil in world buying and selling markets, which solely ended when Trump abruptly mentioned he would pause these larger charges for 90 days.

That reprieve was set to run out Wednesday. However on Monday, Trump signed an govt order delaying the tariff deadline till Aug. 1.

In one other put up earlier Tuesday, Trump asserted that “there will probably be no change” to the August begin date.

“No extensions will probably be granted,” he mentioned.

That is creating information. Please examine again for updates.

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