Trump slaps 25-30% tariffs on Philippines, Iraq, Libya, and others

President Trump has declared new tariffs on imports from six 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.