Trump, Philippine and Tariffs
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The notices bring the total number of countries Trump has hiked tariffs on this week to 21. The higher rates are slated to take effect on August 1.
President Donald Trump this week extended his “Liberation Day” tariff pause again and sent nearly a half dozen letters to trading partners announcing new tariff rates for their countries. The higher tariffs would kick in on Aug.
The move by US President Donald Trump to impose a higher-than-expected tariff on the Philippines signals his unwavering determination to pressure Washington's trade partners to do their part in reducing the US deficit in tandem with its intensifying rivalry with China,
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Inquirer Business on MSNPhilippines airs concern as Trump hikes tariff to 20%The Philippine government is viewing with concern the higher-than-expected 20-percent reciprocal tariff to be imposed by the United States starting next month, as announced by the Trump administration on Thursday.
President Trump posted letters to his Truth Social platform Wednesday outlining tariff levels for seven countries. Trump said he would levy 30% tariffs on Libya, Iraq, and Algeria, effective Aug. 1. Moldova and Brunei will get 25% tariffs,
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GMA Network on MSNPhilippines 'concerned' on Trump's 20% tariff despite negotiationsThe Philippine government was taken aback by US President Donald Trump’s decision to slap a higher 20% tariff rate on the country’s goods exported to America despite earlier efforts to haggle for lower duties for products imported from Manila.
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Stocktwits on MSNTrump Announces 20% Tariffs On PhilippinesU.S. President Donald Trump imposed 20% tariffs on all goods imported into the United States from the Philippines, escalating the trade war that was kicked off in April following the “Liberation Day” announcement.
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Adapting his “flood the zone” tactic to foreign trade, US President Donald Trump announced on Wednesday another flurry of take-it-or-leave-it letters imposing tariffs on Brazil and six smaller economies that have resisted him or are too small to merit individual negotiating attention.
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NDTV Profit on MSNTrump Tariffs: Philippines Among Six More Countries Hit With Levies Up To 30% — Check DetailsThe highest tariffs among these countries have been levied on Algeria, Iraq and Libya, with the three nations being hit with import levies of 30%. On Brunei and Moldova, Trump has slapped a tariff of 25%, whereas the imports from Philippines will draw a levy of 20%.
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India Today on MSNTrump's tariff letters to 6 more nations: Iraq, Algeria face 30%, Philippines 20%US President Donald Trump on Wednesday escalated his trade offensive by issuing fresh tariff notices to six additional countries - Algeria, Brunei, Iraq, Libya, Moldova, and the Philippines - as part of what he described as a sweeping effort to address "unfair trade imbalances".
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GMA Network on MSNTrump tariffs from 17% to 20%: Exporters to bear bruntUS President Donald Trump sent a letter to President Ferdinand “Bongbong” Marcos Jr. informing the latter that he is imposing a higher tariff rate of 20% on Philippine goods imported to America despite earlier negotiations to lower the initially announced duty of 17% in April.