Trump announces new tariffs on six countries and Brazil

On July 9, 2025, US President Donald Trump released new letters of proposals to impose tariffs on imports from six countries: Algeria, Libya, Iraq, Brunei, Moldova and the Philippines. The new tariff rates will take effect on August 1, 2025. Bloomberg reports.

According to Trump’s statement, the tariffs will be:

• 30% for Algeria, Libya and Iraq;
• 25% for Brunei and Moldova;
• 20% for the Philippines.

These rates are partly in line with Trump’s previous announcements in April, although the tariff on Iraqi goods decreased from 39% to 30%, and on Philippine goods increased from 17% to 20%. Of the countries mentioned, only the Philippines is among the 50 largest US trading partners, exporting about $14.1 billion worth of goods last year, including electronics, auto parts and textiles. Imports from the other five countries combined totaled less than $12 billion, with a significant portion of that coming from Iraqi crude.

Trump also announced a 50% tariff on all imports from Brazil after a public spat with the country’s President, Luiz Inácio Lula da Silva. In the letter, Trump linked the tariffs to Brazil’s alleged unfair treatment of former President Jair Bolsonaro and accused the country of attacks on free speech and elections. The move sent the Brazilian real down more than 2% and sent shares of companies such as Embraer and Petrobras lower. Lula responded by announcing plans to retaliate and dismissed Trump’s accusations, pointing to the U.S. trade surplus with Brazil.

The new tariffs could have a significant impact on the economies of the countries, including the U.S. food industry, which depends on Brazilian coffee and orange juice. Brazil is the US’s second largest trading partner after China, and these restrictions threaten to escalate trade conflicts.

Tags: Philippines, Brazil, USA, Libia, Iraq, duties, Moldova, Algeria