Trump slaps 25-30% tariffs on Philippines, Iraq, Libya, and others

U.S. President Donald Trump on Wednesday announced a new round of tariffs on imports from six countries.

In official letters issued to the respective governments, Trump stated that tariffs ranging between 25% and 30% would take effect from August 1, 2025.

As per the letters, the US will impose a 30% tariff on goods imported from Algeria, Iraq and Libya. Imports from Brunei, Moldova and the Philippines will face a 25% tariff.

The latest move follows Trump’s public statement on July 7 where he confirmed that the "higher duties announced in earlier months will kick in with delay on August 1, as the U.S. closes on completion of several trade deals."

Tariff letters were sent to 14 countries this month, including Japan, South Korea, and Serbia, outlining duties ranging from 25% to 40%.