President Trump is making sure the United States is no longer ripped off on trading.
On Wednesday, President Trump issued letters to seven countries on which he plans to place tariffs.
The countries are the following:
- Libya
- Iraq
- Algeria
- Sri Lanka
- Moldova
- Brunei
USA Today had more details on how much the tariffs are and when they are set to take place:
President Donald Trump notified seven more countries they would be hit with tariffs of at least 20% or more on August 1, in a series of letters to foreign leaders.
In separate July 9 letters to each targeted country, Trump said he would impose 30% tariff rates on imports from Libya, Sri Lanka, Iraq and Algeria. He said Moldova and Brunei would face 25% tariffs, while the Philippines would be hit with a 20% rate.
Trump announced new rates for Cambodia, Thailand, Bangladesh, Indonesia and other countries earlier in the week. He also put higher tariffs on imports from Japan and South Korea.
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