U.S. President Donald Trump issued final tariff notices to seven more "minor" trading partners (Philippines, Sri Lanka, Algeria, Iraq, Libya, Brunei, Moldova) with rates between 20-30%, effective Aug. 1. This adds to 14 previous notices, including Japan and South Korea. These moves expand his trade war, which also includes new tariffs on copper, semiconductors, and pharmaceuticals, casting a shadow on the global economy. Meanwhile, trade talks with the European Union, the U.S.'s biggest bilateral trading partner, are progressing, with EU trade chief Maroš Šefčovič hoping for a deal within days, though Italian Economy Minister Giancarlo Giorgetti noted complications.
Trump issues tariff letters to 7 more trading partners as talks with EU continue
United StatesEuropean UnionBusinessInternational tradeTariffsTrade disputes
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TL;DR: Key points with love ❤️U.S. President Donald Trump issued final tariff notices to seven more "minor" trading partners (Philippines, Sri Lanka, Algeria, Iraq, Libya, Brunei, Moldova) with rates between 20-30%, effective Aug. 1. This adds to 14 previous notices, including Japan and South Korea. These moves expand his trade war, which also includes new tariffs on copper, semiconductors, and pharmaceuticals, casting a shadow on the global economy. Meanwhile, trade talks with the European Union, the U.S.'s biggest bilateral trading partner, are progressing, with EU trade chief Maroš Šefčovič hoping for a deal within days, though Italian Economy Minister Giancarlo Giorgetti noted complications.
Trending- 1 Early April: Trump unveiled country-specific duties.
- 2 Tuesday (July 8, 2025): Trump announced broadening trade war, including 50% tariff on copper, threatened levies on semiconductors and pharmaceuticals.
- 3 Wednesday (July 9, 2025): Trump issued final tariff notices to seven more trading partners.
- 4 July 9 (original deadline) to Aug. 1: U.S. deadline for EU extended.
- 5 Aug. 1: Tariffs set to take effect.
- Imposition of new tariffs (20-30%) on seven countries
- Expansion of the U.S. trade war
- Casting a shadow over the global economic outlook
- Paralyzing business decision-making
- Increased tariff revenue for the U.S.
- Rising costs for U.S. consumers
- Ongoing complex trade negotiations
What: U.S. President Donald Trump expanded his trade war by issuing new tariff notices to seven additional trading partners, while simultaneously indicating progress in trade negotiations with the European Union.
When: Wednesday (July 9, 2025) for the new notices. Trump spoke Tuesday about broadening the trade war. Tariffs effective Aug. 1. EU deadline extended from July 9 to Aug. 1.
Where: United States (issuing tariffs), affecting countries globally.
Why: To pressure trading partners into new trade deals that Trump deems more favorable to the U.S., and to generate revenue.
How: By issuing official tariff notices with specific rates (20-30%) to individual countries, and by engaging in ongoing negotiations with major blocs like the EU.