Letters

Washington, July 9, 2025 (dpa/CrestNewsOnline) Donald Trump, the U.S President, on Wednesday sent letters to six more countries which indictate steep new tariff rates as of August 1.

Trump posted the two-page letters —- addressed to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq and Libya —- on his Truth Social platform.

The latest batch has come two days after he sent letters to 14 countries, including key allies Japan and South Korea.

In those letters, he told them to expect higher tariffs unless a new trade deal could be struck.

Algeria, Libya and Iraq face tariff rates of 30 percent, while Brunei and Moldova were threatened with 25 percent and the Philippines 20 percent.

Trump has been rolling out new tariff rules for goods entering the U.S since Monday, when he also extended a 90-day pause on his so-called reciprocal tariffs first announced on April 2.

The tariffs have sent heads spinning in corporate boardrooms and foreign capitals.

Investors, however, seem to be taking the news in their stride as U.S stocks continue to push higher.

Trump said on Tuesday he will stick to his August 1 deadline, writing on Truth Social: “No extensions will be granted.”

(www.crestnewsonline.ng)