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Trump sends out tariff letters to 7 more countries, avoids major trade partners

UNITED STATES, JUL 9 – Tariffs ranging from 20% to 30% target seven smaller trading partners to reduce trade imbalances and encourage U.S. factory job growth, starting Aug. 1, according to official letters.

  • On Wednesday, Trump sent tariff letters to seven smaller U.S. trading partners, detailing 20% to 30% tariffs starting August 1.
  • Facing complex negotiations, Trump sent tariff letters because talks bogged down, aiming to reduce trade imbalances and offset tax cut costs.
  • Trump's tariffs range from 20% to 30% on Algeria, Libya, Iraq, and Sri Lanka, targeting smaller trade partners that are not major rivals.
  • Markets continue rising despite tariffs, as analysts warn they may worsen inflation and slow economic growth.
  • Trump further pledges to impose additional tariffs on other countries after August 1, with no extensions allowed, reinforcing the firm deadline for new import taxes.
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연합뉴스-Yonhap News Agency broke the news in Korea, Republic of on Wednesday, July 9, 2025.
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