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Trading news
9 Jul 2025
Trump announces another batch of sweeping tariffs
US President Donald Trump hit the ground running on Wednesday, unveiling his next list of countries that will be facing double-digit tariffs on August 1 if satisfactory trade deals are not delivered. Trump also reiterated his warnings of an additional 10% tariff on any BRICS-aligned country.
Key highlights
Trump warns of additional tariffs on all imports from:
- Libya (30%)
- Iraq (30%)
- Algeria (30%)
- Moldova (25%)
- Brunei (25%)
- Phillipines (20%)