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Trump fires off more tariff letters, threatens Brazil with 50% levy

Washington [US], July 11: US President Donald Trump on Wednesday sent a barrage of letters to eight more countries dictating steep new tariff rates as of August 1, including a 50% levy on goods from Brazil. Trump posted the two-page letters - addressed to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, Sri Lanka and Brazil - on his Truth Social platform. The latest batch comes two days after he sent letters to 14 countries, including key allies Japan and South Korea, telling them to expect higher tariffs unless new trade deals can be struck. Algeria, Libya, Iraq and Sri Lanka face tariff rates of 30%, while Brunei and Moldova were threatened with 25% and the Philippines with 20%.

Jul 11, 2025