US EditionTrump 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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Trump Sends Out Tariff Letters to Seven More Nations
WASHINGTON — President Donald Trump issued letters to the leaders of seven nations on Wednesday informing them of the tariff rate goods from their countries will face coming into the United States to correct trade deficits. The post Trump Sends Out Tariff Warning Letters to Seven More Nations appeared first on Breitbart.
·United States
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The President of the United States has sent a new set of letters to six countries to announce the additional customs duties. The EU has not yet received its own.
·Paris, France
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Total News Sources15
Leaning Left3Leaning Right2Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
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