Trump issues tariff letters to 7 more trading partners as talks with EU continue

Thomson Reuters

· Posted: Jul 09, 2025 4:38 PM EDT | Last Updated: 4 hours ago

U.S. President Donald Trump issued last tariff notices to 7 insignificant trading partners connected Wednesday arsenic his medication inched person to a woody with its biggest trading partner, the European Union.

Trump said successful posts connected his Truth Social media level that starting Aug. 1, helium would enforce a 20 per cent tariff connected goods from the Philippines, 30 per cent connected goods from Sri Lanka, Algeria, Iraq and Libya, and 25 per cent on Brunei and Moldova.

No missive was issued to the EU, but Trump had said precocious connected Tuesday that helium would contented "a minimum of seven" tariff notices connected Wednesday greeting and much successful the afternoon.

The latest letters adhd to 14 others sent retired earlier successful the week, including 25 per cent tariffs for powerhouse U.S. suppliers South Korea and Japan, besides set to instrumentality effect Aug. 1, barring immoderate deals reached earlier then.

They came a time aft Trump said helium was broadening his commercialized warfare by imposing a 50 per cent tariff connected imported copper and would soon present long-threatened levies connected semiconductors and pharmaceuticals. The U.S. president's rapid-fire tariff moves person formed a shadiness implicit the planetary economical outlook, paralyzing concern decision-making.

WATCH | How volition U.S. copper tariffs impact Canada's commercialized talks?: 

EU negotiations inactive underway

Trump said commercialized talks person been going good with China and the European Union, the second of which is the biggest bilateral trading spouse of the U.S.

Trump said helium would "probably" archer the EU wrong 2 days what complaint it could expect for its exports to the U.S., adding that the 27-nation bloc had go overmuch much co-operative.

"They treated america precise severely until recently, and present they're treating america precise nicely. It's similar a antithetic world, actually," helium said.

EU commercialized main Maroš Šefčovič said bully advancement had been made connected a model commercialized statement and a woody whitethorn adjacent beryllium imaginable wrong days.

Šefčovič told EU lawmakers helium hoped that negotiators could finalize their enactment soon, with further clip present arsenic the U.S. deadline was extended, from July 9 to Aug. 1.

WATCH | Trump's tariff menace looms implicit Canadian industries: 

"I anticipation to scope a satisfactory conclusion, perchance adjacent successful the coming days," helium said.

However, Italian Economy Minister Giancarlo Giorgetti had earlier warned that talks betwixt the 2 sides were "very complicated" and could proceed close up to the deadline.

Highest tariff levels since 1934

Equity markets shrugged disconnected the U.S. Republican president's latest tariff salvo connected Wednesday, portion the yen remained connected the backmost ft aft the levies imposed connected Japan.

Following Trump's announcement of higher tariffs for imports from the 14 countries, U.S. probe radical Yale Budget Lab estimated consumers look an effectual U.S. tariff complaint of 17.6 per cent, up from 15.8 per cent previously and the highest successful 9 decades.

Trump's medication has been touting those tariffs arsenic a important gross source. U.S. Treasury Secretary Scott Bessent said Washington has taken successful astir $100 cardinal US truthful acold and could cod $300 cardinal US by the extremity of the year. In caller years, the United States had taken successful astir $80 cardinal US annually successful tariff revenue.

The Trump medication promised "90 deals successful 90 days" aft helium unveiled an array of country-specific duties successful aboriginal April. So far, lone 2 agreements person been reached, with Britain and Vietnam. Trump has said a woody with India was close.

Massachusetts Governor Maura Healey, a Democrat, blasted Trump for his "failed commercialized war."

"President Trump was elected to little costs, and each helium is doing is raising prices and hurting our businesses."