US President Donald Trump on Wednesday issued a recent set of tariff letters to nations warning them of reciprocal duties from August 1, 2025. Trump had earlier mentioned that he could be issuing tariff letters for seven extra nations at the moment. Earlier this eek, he had launched letters for 14 nations, informing them of the tariff charges that shall be imposed on them.The brand new set of tariffs launched by Trump at the moment are for Philippines (20%), Brunei (25%), Moldova (25%), Algeria (30%), Libya (30%), Iraq (30%). “We shall be releasing a minimal of seven Nations having to do with commerce, tomorrow morning, with an extra variety of Nations being launched within the afternoon. Thanks on your consideration to this matter!,” Trump had posted on social media platform Fact Social earlier.The letters sign a departure from his self-declared April 2 “Liberation Day” gathering on the White Home, the place he displayed posterboards exhibiting charges, triggering a short lived market collapse and the 90-day dialogue interval with preliminary 10% tariffs. Relatively than visible shows, Trump opted to dispatch formal letters containing irregular capitalisation, unconventional punctuation and formatting inconsistencies.“It is a greater manner,” Trump mentioned of his letters. “It is a extra highly effective manner. And we ship them a letter. You learn the letter. I feel it was effectively crafted. And, largely it is just a bit quantity in there: You will pay 25%, 35%. We now have a few of at 60, 70.”This story is being up to date.