Trump slaps up to 30% tariffs on seven nations including Sri Lanka

President Trump has declared new tariffs on imports from seven nations, set to commence on August 1, 2025. Algeria, Iraq, and Libya will face a 30% tariff, while Brunei, Moldova, and the Philippines will encounter a 25% tariff. This action follows Trump’s July 7 announcement regarding delayed implementation of previously announced duties as the U.S. finalizes trade agreements.

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