Trump sends US tariff letters to seven more countries
US President Donald Trump sent letters to seven countries that set new tariff rates as of August 1.
On Wednesday, Trump issued a two -page letter on the real social platform, which appealed to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka.
None of the countries targeting letters is a major industrial competitor for the US.
Most recently, the party comes two days after sending letters to 14 countries, including Key allies Japan and South Korea, and said that they wait for higher tariffs unless a new trade agreement could be made.
Algeria, Libya, Iraq and Sri Lanka faced 30 percent tariff rates, while Brunei and Moldova were threatened by 25 percent and 20 percent with Philippines.
Trump has continued a 90 -day pause for the new tariff rules for the goods entering the USA since Monday, for the first time announced on April 2.
Tariffs sent heads returning in their corporate board and capitals.
However, investors seem to seem to take the news step by step as the US stocks continue to rise.
Trump said that he would remain on August 1 on Tuesday and write on the real Social: “No extension will be given.”
With AP
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