Trump's Tariff Tango: New Trade Challenges
President Trump announced new tariffs on six countries, including Algeria, Brunei, Iraq, Libya, Moldova, and the Philippines, with rates ranging from 25% to 30%. This move is part of broader trade negotiations, highlighting ongoing tensions and economic strategies within international relations.
Devdiscourse News Desk | Washington DC | Updated: 09-07-2025 21:19 IST | Created: 09-07-2025 21:19 IST
- Country:
- United States
In a bold move on Wednesday, U.S. President Donald Trump unveiled a series of tariffs targeting six nations: Algeria, Brunei, Iraq, Libya, Moldova, and the Philippines.
The tariffs are set at varying levels, with 30% on some countries such as Algeria, Iraq, and Libya, while others like Brunei, Moldova, and the Philippines face a 25% tariff.
This development marks a significant stride in Trump's trade strategy, aiming to reshape international economic dynamics amidst global trade challenges.
(With inputs from agencies.)
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