Trump issues new tariffs for six countries, including Iraq and the Philippines
Briefly

The White House has announced new tariffs on six countries, including Algeria and Iraq at 30%, with other countries facing tariffs of 25% or 20%. These tariffs will begin on August 1 following a 90-day negotiation period initiated by a baseline 10% levy. Despite the significant trade imbalances reported with these nations, they comprise a minor fraction of the overall US economy. President Trump is maintaining pressure for trade negotiations without extending deadlines, as he seeks to address trade imbalances with key partners, including Japan and South Korea.
The White House has issued new tariffs targeting six countries: Algeria, Brunei, Iraq, Libya, Moldova, and the Philippines. Tariffs range from 20% to 30%, starting August 1.
The US reported significant trade imbalances with these nations last year, totaling $1.4bn with Algeria, $5.9bn with Iraq, and $4.9bn with the Philippines, although they are minor compared to the overall economy.
Read at www.aljazeera.com
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