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Trump sends tariff letters to 8 countries again, Brazil faces 50% tariff

By: odaily.com|2025/07/09 21:10:48

Odaily News On July 9, local time, US President Trump published letters on the social media platform Real Social to the leaders of eight countries regarding the imposition of tariffs, including: Brazil, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka. Among them, Trump said that Brazil will be subject to a 50% tariff, Libya, Iraq, Algeria and Sri Lanka will be subject to a 30% tariff, Brunei and Moldova will be subject to a 25% tariff, and the Philippines will be subject to a 20% tariff. The new tariff will take effect from August 1. Trump has sent tariff letters to 22 countries.

Fed minutes: If tariffs lead to higher-than-expected inflation, a tighter monetary policy stance would be appropriate

Justin Sun pledges to buy $100 million worth of TRUMP, calls it MAGA currency