Overview
- On July 9, Trump sent standardized letters to the Philippines, Brunei, Moldova, Algeria, Libya and Iraq detailing import tariffs from 20% to 30% set to take effect on August 1.
- He separately notified Brazil of a punitive 50% tariff in response to its treatment of former President Bolsonaro and perceived unfair trade practices.
- The new rates largely mirror the previously paused April "Liberation Day" tariffs, with only minor percentage-point adjustments for certain nations.
- Trump’s letters justify the measures by citing long-standing U.S. trade deficits and offer to revise rates if partners lower their own barriers or shift production onshore.
- He signaled that at least seven additional letters will be released imminently and reiterated there will be no further extensions beyond the August 1 deadline.