US President Donald J. Trump sent formal letters to the heads of seven countries – Algeria, Brunej, Iraq, Libya, Moldova, Philippines and Sri Lanka – onucca new tariffs for their exports from their exports to the United States since 1 August. Movement, in addition to the “balanced and fair trade” and includes from 25% of their exports and includes a righteous and fair war and belongs to exports to the United States and includes a righteous and fair way and includes the order and fair trade. “
Tariffs
The tariffs are as follows:
30% of imports from Algeria, Iraq, Libya and Sri Lanka
25% on Brunei, Moldova and Philippines
These tariffs are in addition to existing sector tariffs and apply to all goods sent from named countries to the US. Any efforts to bypass these measures by reloading third parties will also launch a complete tariff.
Trump’s previous business letters to 14 countries
This step comes to the heels of a dose of letters sent on Monday (July 7) to 14 countries in which Donald Trump warned that the failure to complete trade agreements within 1 August would cause a steep increase in tariffs.
Among those who received letters were Japan and South Korea, both warned against 25% fee on a wide list of goods. Other countries, including Indonesia, Bangladesh, Thailand, South Africa and Malaysia, face duties ranging from 25% to 40%.
According to the White House, these events are part of the “business plans for tailor -made” created for each country.
Trump’s justification: “Business deficits endanger national security”
In each letter, Trump quoted the persistent and “non -precise” trade deficits as a justification for new measures and accused targeted countries for the use of “tariffs and non -tariff, politicians and business barriers” to maintain an unjust business advantage over the US.
“This deficit is the main threat to our economy and indeed for our national security!” Trump wrote in the same phrases of all six letters.
He described the level of tariffs as “much less than what is needed” to remedy the imbalance, and warned that a business relationship could become another measure.
Warning of retaliation
A remarkable feature of each letter is Trump’s express threat to escalate tariffs in response to any countermeasure:
“If you decide to increase your tariffs for any reason, any number you decide to increase them will be added to (existing American tariff),” Trump said.
Open doors for production in us
Trump also hung incentives: every company of six countries that move production to the United States would be exempt from tariffs. Trump promised a rapidly monitored approval process for such investment “in a few weeks”.
He also indicated that tariffs could be modified “up or down” depending on the willingness of each country to open their markets and eliminate existing barriers for American goods.
Also read | Trump delayed mutual tariffs after Bessnt wanted more time to store
Route offensive framed as partnership
Despite the confrontational tone, each letter closed with a report on cooperation and optimism:
“You will never be disappointed by the United States,” Trump wrote, expressing hope of a long -term partnership with every country.
Letters were sent to:
Ferdinand R. Marcos Jr., President Philippine
Mohammed Shia ‘Al-Sudani, Prime Minister Iraq
Maia Sand, President of Moldova
Abdelmadjid Teboune, President of Algeria
Sultan Hassanal Bolkiah, Sultan Brunei
Abdulhamide Dabaiba, Prime Minister Libya
Also read | Trump vs Harvard: Govt threatens university accreditation over students’ data
Tariffs set to kick 1. August
At the beginning of this year, Trump announced a blanket of 10% of imports from almost all US business partners. Although the White House was originally entered into force, the White House postponed this step until August 1. In a rectangular social contribution on Tuesday (July 8) Trump repeated that “there will be no change” and “no extensions will be awarded”.
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