The White House has sent letters to more than 20 different countries this week announcing new tariffs.
United States President Donald Trump has issued a new round of tariff letters to eight countries, including Brazil, Sri Lanka, Algeria, Brunei, Iraq, Libya, Moldova and the Philippines.
Posted on social media on Wednesday, the letters assign individual tariff rates for each country. Algeria, Sri Lanka and Iraq received import tax rates of 30 percent. Brunei, Libya and Moldova got 25 percent. And the Philippines was assigned 20 percent.
Brazil, however, got the highest tariff rate of the bunch, at 50 percent. In his letter, Trump cited “grave injustices” including alleged Brazilian censorship and attacks on “free elections”. Trump has previously shown support for former Brazilian President Jair Bolsonaro, a far-right leader who, like the US president, refused to concede a past defeat.
Trump posted the letters on Truth Social after the expiration of a 90-day negotiating period that began with a baseline levy of 10 percent. Trump is giving countries more time to negotiate before his August 1 deadline, but he has insisted there will be no extensions for the countries that receive letters.
