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 7 more countries but avoids major U.S. trade partners
President Donald Trump sent out tariff letters to seven smaller U.S. trading partners on Wednesday with a pledge to announce import taxes on other countries later in the day. None of the countries targeted in the first batch of letters — the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri…
·Sakado, Japan
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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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Total News Sources18
Leaning Left4Leaning Right3Center5Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 33%
C 42%
R 25%
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