Trump imposed tariffs on eight countries, with Brazil as high as 50%
On July 9th local time, Trump posted a letter to Brunei, Algeria, Moldova, Iraq, the Philippines, Sri Lanka, Libya and Brazil on the social media platform "Truth Social", announcing that the United States would impose a 20% tariff on products from the Philippines starting from August 1st, 2025, a 25% tariff on products from Brunei and Moldova, a 30% tariff on products from Algeria, Iraq, Sri Lanka and Libya, and a 50% tariff on all imported goods from Brazil.
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