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US President Donald Trump has announced a new round of tariffs targeting several trading partners, set to take effect in August. The levies range from 20% to 30%, with rates adjusted for some countries from earlier proposals. The move comes as negotiations with these nations reach a critical deadline.
- Trump imposes tariffs of 20%-30% on imports from Algeria, Libya, Iraq, Sri Lanka, Brunei, Moldova, and the Philippines.
- Iraq's tariff rate drops from 39% to 30%, while Sri Lanka's decreases from 44% to 30%.
- The administration is pushing for trade concessions ahead of an August deadline, with more tariff announcements expected.
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