President Donald Trump announced tariffs of up to 30% against additional countries Wednesday morning.
The tariffs will take effect Aug. 1, according to letters from the president. Originally he announced the tariffs on April 2, but then postponed them until July 9 to give countries more time to negotiate.
The president signed an executive order Monday pushing back implementation of reciprocal tariffs until Aug. 1, and is in the process of sending individual letters to all the countries officially notifying them of the proposed tariffs.
Trump announced 20% tariffs on products from the Philippines; 25% for products from Brunei and Moldova; and 30% for products from Algeria, Iraq, and Libya that are sold in the United States.
In each letter announcing the tariffs, the president said he is leaving open the possibility to increase tariffs by whatever percentage the country enacts in reciprocal tariffs against the U.S.
“If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by will be added onto the [percentage] we charge,” Trump wrote.
Correct, the tariffs should have been imposed decades ago. It is only fair we treat others as they treat us.