Monday, 13 Apr 2026
  • About us
  • Contact
  • History
  • My Interests
  • Privacy Policy
Nexpressdaily.com
  • Home
  • Politics
  • Finance
  • Health
  • Technology
  • Travel
  • World
  • 🔥
  • Politics
  • Technology
  • Travel
  • World
  • Finance
  • Health
Font ResizerAa
Nexpressdaily.comNexpressdaily.com
  • My Saves
  • My Interests
  • My Feed
  • History
  • Travel
  • Finance
  • Politics
  • Health
  • Technology
  • World
Search
  • Pages
    • Home
    • Blog Index
    • Contact Us
    • Search Page
    • 404 Page
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
  • Categories
    • Finance
    • Politics
    • Technology
    • Travel
    • Health
    • World
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finance

Trump sends more letters dictating high tariff rates around the world

Nexpressdaily
Last updated: July 9, 2025 5:04 pm
Nexpressdaily
Share
SHARE

President Donald Trump, accompanied by U.S. Secretary of State Marco Rubio (L) and U.S. Defense Secretary Pete Hegseth (R), discusses his decorating of the Cabinet Room during a cabinet meeting at the White House on July 08, 2025 in Washington, DC.

Andrew Harnik | Getty Images

President Donald Trump on Wednesday sent letters dictating new U.S. tariff rates on at least seven more countries’ imports, leaning into his aggressive approach to resetting America’s global trade relationships.

The latest letters, revealed by Trump via Truth Social screenshots, were sent to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka.

Trump had teased the announcement Tuesday evening, writing on social media that he will release a “minimum of 7 Countries” on Wednesday morning and an “additional number of Countries” in the afternoon.

The new round comes two days after Trump first shared letters telling 14 countries’ leaders that their exports to the U.S. would face steep new tariffs starting Aug. 1.

The nearly identical two-page letters signed by Trump on Monday were sent to Japan, South Korea, Malaysia,  Kazakhstan, South Africa, Laos, Myanmar, Bosnia and Herzegovina, Tunisia, Indonesia, Bangladesh, Serbia, Cambodia and Thailand.

The tariff rates for the 21 countries targeted so far range from 20% to 40%. The letters note that the U.S. will “perhaps” consider adjusting the new tariff levels, “depending on our relationship with your Country.”

The letters all say that the tariffs are meant to “far less than what is needed to eliminate the Trade Deficit disparity we have with your country.” Trump frequently claims that trade deficits show the U.S. is being taken advantage of, though many experts disagree.

A number of the countries who have received letters so far are relatively minor U.S. trading partners. And while the U.S. has trade deficits with all of them, some of those gaps are minuscule.

For instance, America’s trade deficit with Moldova in 2024 totaled just $85 million, according to U.S. data.

Many of the new rates are close to what Trump had imposed as part of his “liberation day” tariff rollout on April 2, which set a 10% baseline levy for nearly all countries on earth and slapped much higher duties on dozens of individual nations.

Read more CNBC politics coverage

That announcement sparked a week of turmoil in global trading markets, which only ended when Trump abruptly said he would pause those higher rates for 90 days.

That reprieve was set to expire Wednesday. But on Monday, Trump signed an executive order delaying the tariff deadline until Aug. 1.

In another post earlier Tuesday, Trump asserted that “there will be no change” to the August start date.

“No extensions will be granted,” he said.

This is developing news. Please check back for updates.

Share This Article
Email Copy Link Print
Previous Article This RTX 4070 MSI gaming laptop is $350 off–that’s nuts
Next Article Takeover By Trump Allies Jeopardizes Jon Stewart And Stephen Colbert Shows

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad imageAd image

Popular Posts

US poised to dial back bank rules imposed in wake of 2008 crisis

Stay informed with free updatesSimply sign up to the US banks myFT Digest -- delivered…

By Nexpressdaily

14 Expert-approved Comfortable Hiking Shoes and Boots

Hiking shoes are the unsung heroes of any trail adventure, and from my experience as…

By Nexpressdaily

Sheinbaum calls Mexico election ‘extraordinary’ despite low turnout

MEXICO CITY — Mexican President Claudia Sheinbaum was effusive. “Marvelous, impressive “ she told reporters Monday. “Extraordinary.…

By Nexpressdaily

You Might Also Like

Finance

AI talent comes at a 30% salary premium: ‘If you try to play catch up later, this is going to cost you even more’

By Nexpressdaily
Finance

Private equity firms overhaul exit strategies as IPO market slams shut

By Nexpressdaily
Finance

It’s ‘one of the best career decisions’

By Nexpressdaily
Finance

Former Top-Rated Bank Governor Mark Carney Elected To Lead Canada

By Nexpressdaily
Nexpressdaily.com
Facebook Twitter Youtube Rss Medium

About US

NexpressDaily.com is a leading digital news platform committed to delivering timely, accurate, and unbiased news from around the world. From politics and business to technology, sports, health, and entertainment – we cover the stories that matter most. Stay connected with real-time updates, expert insights, and trusted journalism, all in one place.

Top Categories
  • World
  • Finance
  • Politics
  • Tech
  • Health
  • Travel
Usefull Links
  • About us
  • Contact
  • History
  • My Interests
  • Privacy Policy

© Nexpressdaily. All Rights Reserved.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?