🇺🇸 President DonaldTrump announces newtariffs on imports from 8 nations, effective Aug 1.
🔹 Brazil: 50%
🔹 Sri Lanka, Iraq, Algeria, Libya: 30%
🔹 Moldova, Brunei: 25%
🔹 Philippines: 20%
▪️President Trump warns that he will increase the #tariff rate by the same amount if those countries decide to raise their tariffs on American products.
▪️However, the USPresident indicated his willingness to reduce these tariffs if these countries revised their trade policies.
