The U.S. president is posting copies of separate letters addressed to Brunei, the Philippines, Iraq, Algeria, Moldova and Libya. Each country’s letter has its own tariff rate: 30% on Algeria, 25% on Brunei,

The U.S. is set to place hefty tariffs on several big energy producers—Algeria, Brazil, Iraq and Libya. So why do oil traders seem unbothered? For one thing, the executive order that accompanied Trump's April "Liberation Day" tariffs exempted energy and energy products.

It shows that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs.

Donald Trump issued tariff letters to several countries, including the Philippines, Brunei, Moldova, Algeria, Libya, and Iraq, warning of reciprocal duties starting August 1, 2025. These actions follow Trump's earlier announcement of tariffs for fourteen other nations.

A nother deadline passed on Wednesday without President Donald Trump following through on his threats to impose new tariffs. It was 90 days ago that Trump had announced an abrupt pause in his plan to levy new tariffs on countries around the world.

U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States,